Schooling Data , Technological Diffusion and the Neoclassical Model

  title={Schooling Data , Technological Diffusion and the Neoclassical Model},
  author={A. Amezketa De La Fuente and Rafael Dom{\'e}nech}
Growth economists have spent more than forty years slowing chipping away at the Solow residual, largely by attributing increasingly larger chunks of it to investment in human capital. A few years ago we were reasonably certain that this was the way to go. But an increasing number of studies seem to be telling us that the effect of schooling variables on productivity vanishes when we turn to what seem to be the appropriate econometric techniques for the purpose of estimating growth equations… CONTINUE READING
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