MAKE A MEME View Large Image Predicted versus actual GDP per worker.jpg en Predicted versus actual GDP per worker The figure shows how much one would expect each country ™s GDP to be higher based on the data on average years of schooling The calculation is made by Weil ...
View Original:Predicted versus actual GDP per worker.jpg (745x514)
Download: Original    Medium    Small Thumb
Courtesy of:commons.wikimedia.org More Like This
Keywords: Predicted versus actual GDP per worker.jpg en Predicted versus actual GDP per worker The figure shows how much one would expect each country ™s GDP to be higher based on the data on average years of schooling The calculation is made by Weil Weil D 2009 Economic Growth Pearson Addison-Wesley based on data from Hall and Jones concerning the returns on education Hall J Jones R 1999 Why Do Some Countries Produce So Much More Output per Worker than Others Quarterly Journal of Economics 114 83 “116 The GDPs predicted by Weil ™s calculations are plotted against actual observed GDPs The results indicate that variation in education explains some but not all of the variation in GDP 2013-09-18 14 21 22 own Tungsten cc-zero Uploaded with UploadWizard Economic statistics Economic development
Terms of Use   Search of the Day