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Want Economic Growth with Good Quality Institutions? Spend on Education
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Mamoon, Dawood; Murshed, S. Mansoob – Education Economics, 2009
The purpose of this paper is to compare the role of human capital accumulation measured by number of years of schooling with the relative contribution of institutional capacity to prosperity. We employ several concepts of institutional quality prevalent in the literature. We discover that developing human capital is as important as superior…
Descriptors: Economic Progress, Human Capital, Educational Attainment, Educational Status Comparison