Education and Economic Growth

This paper provides a survey of work on the link between education and economic growth.It shows that data from the early 20th century are coherent with conclusions about education and economic growth derived from the much more recent past. It also presents an analysis of the role of education in facilitating the use of best-practice technology. It is to be published in the International Handbook on the Economics of Education edited by G and J. Johnes and published by Edward Elgar.

Contents
1 Introduction 1
2 History 1
3 Returns to Education 5
4 Growth Accounting: the Basic Framework 7
5 Educated Labour as a Factor of Production 9
6 Education and Endogenous Growth 12
7 TheLevelandtheGrowthRate 14
8 What sort of Education? 18
9 DataConcerns 19
10 Panel Modelling 20
11 Education and Inefficiency 22
12 Conclusions 25