Authors
Michael S Delgado, Daniel J Henderson, Christopher F Parmeter
Publication date
2014/6
Journal
Oxford Bulletin of Economics and Statistics
Volume
76
Issue
3
Pages
334-359
Description
Empirical growth regressions typically include mean years of schooling as a proxy for human capital. However, empirical research often finds that the sign and significance of schooling depends on the sample of observations or the specification of the model. We use a non‐parametric local‐linear regression estimator and a non‐parametric variable relevance test to conduct a rigorous and systematic search for significance of mean years of schooling by examining five of the most comprehensive schooling databases. Contrary to a few recent articles that have identified significant nonlinearities between education and growth, our results suggest that mean years of schooling is not a statistically relevant variable in growth regressions. However, we do find evidence (within a cross‐sectional framework), that educational achievement, measured by mean test scores, may provide a more reliable measure of human capital …
Total citations
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Scholar articles
MS Delgado, DJ Henderson, CF Parmeter - Oxford Bulletin of Economics and Statistics, 2014