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Faculty of Economics

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Portela, M., Alessie, R.J.M. and Teulings, C.N.

Measurement error in education and growth regressions.

The Scandinavian Journal of Economics

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.

JEL Codes: I20, O40

Author links:

Publisher's Link: http://onlinelibrary.wiley.com/doi/10.1111/j.1467-9442.2010.01613.x/abstract



Papers and Publications



Recent Publications


Faraglia, E., Marcet, A., Oikonomou, R. and Scott, A. Government Debt management: the Short and the Long of it Review of Economic Studies, accepted [2018]

Gagnon, J. and Goyal, S. Networks, markets and inequality American Economic Review [2017]

Elliott, M. and Golub, B. A network approach to public goods accepted, Journal of Political Economy [2018]