US-Europe Differences in Technology-Driven Growth Quantifying the Role of Education∗
نویسندگان
چکیده
European economic growth has been weak, compared to the US, since the 80s. In previous work (Krueger and Kumar, 2003), we argued that the European focus on specialized, vocational education might have been effective during the 60s and 70s, but resulted in a growth gap relative to the US during the subsequent information age, when new technologies emerged more rapidly. In this paper, we extend our framework to assess the quantitative importance of education policy, when compared to labor market rigidity and product market regulation, other policy differences more commonly suggested to be responsible for US-Europe differences. A “decomposition” exercise using a calibrated version of our model assigns a major role to education policy in explaining US-Europe growth differences.
منابع مشابه
US-Europe Differences in Technology Adoption and Growth The Role of Education and Other Policies∗
European economic growth has been weak, compared to the US, since the 80s. In previous work (Krueger and Kumar (2003)), we argued that the European focus on specialized, vocational education might have been effective during the 60s and 70s, but resulted in a growth gap relative to the US during the subsequent information age, when new technologies emerged more rapidly. In this paper, we extend ...
متن کاملSkill-specific rather than General Education: A Reason for US-Europe Growth Differences?
In this paper, we develop a model of technology adoption and economic growth in which households optimally obtain either a concept-based, “general” education or a skill-specific, “vocational” education. General education is costly to obtain, but enables workers to operate new production technologies. Firms weigh the cost of adopting and operating new technologies against increased profits and o...
متن کاملThe Study of Differences between E-commerce Impacts on Developed Countries and Developing Countries, Case Study: USA and Iran
This study determines the impact of E-commerce (EC) on some of important economic criteria including total factor productivity( TFP) of Iran country as a developing country in comparison with US standard as a developed country through analyzing and calculating interrelated issues. The model is based on both econometrics and growth accounting approach to fill the gaps of previous studies. On the...
متن کاملتمایزهای گفتمانی راست افراطی در جغرافیای غرب با تاکید بر جایگاه مسلمانان
Why and how intensification of the activities of extreme right-wing groups in the West has become a major issue in security studies in recent years. Despite the differences in the activities of these groups in the two geographies of Western Europe and North America as the main focal points of Western civilization, the available evidence suggests that the greatest opposition to Islam and Muslims...
متن کاملEthical Theory and Educational Effectiveness
The missing link in the theories of normative ethics is the study of the extent of their real impact on the moral education of individuals and societies. Existing moral theories can be divided into act-driven theories, agent-driven theories, and combined and bifocal theories. Each of these theories has shortcomings in relation to the issue of moral education, some of which, like the act-driven ...
متن کامل