Intelligence, Human Capital, and Economic Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach

Human capital plays an important role in the theory of economic growth, but it has been difficult to measure this abstract concept. We survey the psychological literature on cross-cultural IQ tests and conclude that intelligence tests provide one useful measure of human capital. Using a new database...

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Veröffentlicht in:	Journal of economic growth (Boston, Mass.) Mass.), 2006-03, Vol.11 (1), p.71-93
Hauptverfasser:	Jones, Garett, Schneider, W. Joel
Format:	Artikel
Sprache:	eng
Schlagworte:	Bayesian analysis Bayesian method Bias Econometrics Economic growth Economic growth models Economic theory Economists Education Elementary schools Estimation GDP Gross Domestic Product Growth models Growth theory Human capital Intelligence Intelligence quotient Intelligence tests Job performance Linear regression Psychological aspects Robust control School enrollment Socioeconomic factors Statistical significance Studies Validity Variables
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