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The Knowledge Capital of Nations
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The Knowledge Capital of Nations: Education and the Economics of Growth

Eric A. Hanushek and Ludger Woessmann

Abstract

This book advances the simple argument that long-run economic growth is overwhelmingly a function of the cognitive skills of the population, or the “knowledge capital” of a nation. This hypothesis about the relationship between cognitive skills (as consistently measured by international student assessments) and economic growth is subjected to a series of tests including alternate specifications, different subsets of countries, and econometric analysis of causal interpretations. The main results are remarkably robust, and equally applicable to developing and developed countries. For example, tw ... More

Keywords: skills, cognitive skills, knowledge, education, schooling, economic growth, development, prosperity, causality, international assessments

Bibliographic Information

Print publication date: 2015 Print ISBN-13: 9780262029179
Published to MIT Press Scholarship Online: September 2015 DOI:10.7551/mitpress/9780262029179.001.0001

Authors

Affiliations are at time of print publication.

Eric A. Hanushek, author
Stanford University

Ludger Woessmann, author