ERIC Number: EJ927263
Record Type: Journal
Publication Date: 2011-Aug
Abstractor: As Provided
Reference Count: N/A
The Quality vs. the Quantity of Schooling: What Drives Economic Growth?
Breton, Theodore R.
Economics of Education Review, v30 n4 p765-773 Aug 2011
This paper challenges Hanushek and Woessmann's (2008) contention that the quality and not the quantity of schooling determines a nation's rate of economic growth. I first show that their statistical analysis is flawed. I then show that when a nation's average test scores and average schooling attainment are included in a national income model, both measures explain income differences, but schooling attainment has greater statistical significance. The high correlation between a nation's average schooling attainment, cumulative investment in schooling, and average tests scores indicates that average schooling attainment implicitly measures the quality as well as the quantity of schooling. (Contains 3 tables and 1 figure.)
Descriptors: Economic Progress, Income, Statistical Significance, Educational Quality, Statistical Analysis, Research Problems, Scores, Educational Attainment, Educational Testing, Educational Finance, Measurement, Human Capital, Correlation, Evaluation Methods, Research Methodology, Educational Policy
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: Elementary Secondary Education
Authoring Institution: N/A