Das Wissenskapital der Nationen: gute Bildung als Wachstumsmotor

  title={Das Wissenskapital der Nationen: gute Bildung als Wachstumsmotor},
  author={Ludger Woessmann},
The long run prosperity of nations is directly related to the skills of their population. The relevant cognitive skills — the “knowledge capital” of a nation — can be measured well by international math and science tests. The consideration of knowledge capital can completely account for the Latin American growth puzzle and the East Asian growth miracle. Several analyses suggest that the relationship depicts a causal effect of skills. According to the evidence, an understanding of long run… CONTINUE READING