?ukasz Goczek|Ewa Witkowska|Bartosz Witkowski
How Does Education Quality Affect Economic Growth?
University of Warsaw|Maria Grzegorzewska Academy of Special Education|Institute of Psychology|SGH Warsaw School of Economics
seminal article hanushek woessmann explained economic growth function quality education find evidence importance years schooling argued relevance cognitive skills basic literacy ratio economic growth however result based crosscountry data limited 23 observations study extended modified approach based results pisa programme international student assessment tests explain gdp changes last 50 years using panel data considered possible lag characterizes relationship used statistical methods address risk reversed causality economic performance affecting quality education extended model inclusion potential growth factors results also included several robustness checks confirmed relevance earlier education quality significant growth factor results suggest significance educational skills gdp growth might treated confirmation importance quality primary secondary education economic development showed results robust changes order lags confirmed validity conclusion use specificationrobust bayesian model averaging