Growth Effects of Education and Social Capital in the OECD Countries

45 Pages Posted: 1 Aug 2001

See all articles by Jonathan R.W. Temple

Jonathan R.W. Temple

Centre for Economic Policy Research (CEPR)

Date Written: July 2001

Abstract

This paper surveys the empirical literature on the growth effects of education and social capital. The main focus is on the cross-country evidence for the OECD countries, but the paper also briefly reviews evidence from labour economics, to clarify where empirical work on education using macro data may be relatively useful. It is argued that on balance, the recent cross-country evidence points to productivity benefits of education that are at least as large as those identified by labour economists. The paper also discusses the implications of this finding. Finally, the paper reviews the emerging literature on the benefits of social capital. Since this literature is still in its early days, policy conclusions are accordingly harder to find.

Keywords: Education, human capital, social capital, economic growth

JEL Classification: I20, O40, Z13

Suggested Citation

Temple, Jonathan R.W., Growth Effects of Education and Social Capital in the OECD Countries (July 2001). CEPR Discussion Paper No. 2875. Available at SSRN: https://ssrn.com/abstract=276787

Jonathan R.W. Temple (Contact Author)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
76
Abstract Views
10,711
rank
335,976
PlumX Metrics