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The Resource The knowledge capital of nations : education and the economics of growth, Eric A. Hanushek and Ludger Woessmann

The knowledge capital of nations : education and the economics of growth, Eric A. Hanushek and Ludger Woessmann

Label
The knowledge capital of nations : education and the economics of growth
Title
The knowledge capital of nations
Title remainder
education and the economics of growth
Statement of responsibility
Eric A. Hanushek and Ludger Woessmann
Creator
Contributor
Author
Subject
Language
eng
Summary
In this book Eric Hanushek and Ludger Woessmann make a simple, central claim, developed with rigorous theoretical and empirical support: knowledge is the key to a country's development. Of course, every country acknowledges the importance of developing human capital, but Hanushek and Woessmann argue that message has become distorted, with politicians and researchers concentrating not on valued skills but on proxies for them. The common focus is on school attainment, although time in school provides a very misleading picture of how skills enter into development. Hanushek and Woessmann contend that the cognitive skills of the population which they term the knowledge capital of a nation are essential to long-run prosperity. Hanushek and Woessmann subject their hypotheses about the relationship between cognitive skills (as consistently measured by international student assessments) and economic growth to a series of tests, including alternate specifications, different subsets of countries, and econometric analysis of causal interpretations. They find that their main results are remarkably robust, and equally applicable to developing and developed countries. They demonstrate, for example, that the Latin American growth puzzle and the East Asian miracle can be explained by these regions' knowledge capital. Turning to the policy implications of their argument, they call for an education system that develops effective accountability, promotes choice and competition, and provides direct rewards for good performance.--
Member of
Assigning source
Provided by Publisher
Cataloging source
DLC
http://library.link/vocab/creatorDate
1943-
http://library.link/vocab/creatorName
Hanushek, Eric A.
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorName
Woessmann, Ludger
Series statement
CESifo book series
http://library.link/vocab/subjectName
  • Economic development
  • Education
Label
The knowledge capital of nations : education and the economics of growth, Eric A. Hanushek and Ludger Woessmann
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb17663118
Dimensions
24 cm.
Extent
xii, 262 pages
Isbn
9780262029179
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
Other physical details
illustrations
System control number
  • (NhCcYBP) 2014039904
  • (OCoLC)893099341
Label
The knowledge capital of nations : education and the economics of growth, Eric A. Hanushek and Ludger Woessmann
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb17663118
Dimensions
24 cm.
Extent
xii, 262 pages
Isbn
9780262029179
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
Other physical details
illustrations
System control number
  • (NhCcYBP) 2014039904
  • (OCoLC)893099341

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