| Authors |
|
| Publication date |
2010
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| Journal |
The Scandinavian Journal of Economics
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| Volume | Issue number |
112 | 3
|
| Pages (from-to) |
618-639
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| Organisations |
-
Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
|
| Abstract |
The use of the perpetual inventory method for the construction of education data per country leads to systematic measurement error. This paper analyzes its effect on growth regressions. We suggest a methodology for correcting this error. The standard attenuation bias suggests that using these corrected data would lead to a higher coefficient. Our regressions reveal the opposite. We discuss why this is the case.
|
| Document type |
Article
|
| Language |
English
|
| Published at |
https://doi.org/10.1111/j.1467-9442.2010.01613.x
|
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