How much do Educational Outcomes Matter in OECD Countries?



Table 5: Basic vs. high-level skills

Sample:

full
(ɪ)

OECD

(2)

full

(3)

full
(4)

OECD

(5)

full

(6)

full
(?)

OECD
(8)

full

(9)

Share of students reaching

2.644

4.434

2.146

4.674

5.272

4.549

basic literacy

(3.57)

(3.52)

(2.58)

fri.77)

(5.65)

(5.5√)

Share of top-performing

12.602

3.234

16.536

18.904

10.933

21.499

students

(4.35)

(0.99)

(4.90)

α√5)

(3.61)

(7.79)

Initial years of schooling

0.066

0.035

0.070

0.129

0.039

0.131

0.116

0.086

0.122

(0.87)

(0.60)

(0.94)

Р-49)

(0.68)

(7.47)

(R40)

(7.23)

(7.53)

Initial GDP per capita

-0.305

-0.305

-0.317

-0.326

-0.314

-0.340

-0.297

-.275

-0.314

('6.√3)

(8.24)

(5.63)

(5.85)

(3.77)

(5.05)

(5.62)

(6.09)

(5.32)

OECD

-0.659

0.150

1.018

(0.44)

(0.10)

(2.77)

OECD x basic literacy

2.074

0.024

(0.94)

(0.01)

OECD x top-performing

-13.422

-10.733

(2.08)

(2.И)

No. of countries

50

24

50

50

24

50

50

24

50

F (OECD and interaction)

1.62

0.10

2.66

R2 (adj.)_______________________

0.724

0.822

0.734

0.616

0.822

0.600

0.655

0.720

0.679

Notes'. Dependent variable: average annual growth rate in GDP per capita, 1960-2000. Regressions include a constant, /-statistics in parentheses.
Source: Authors’ calculations based on data in Heston, Summers, and Aten (2002), Barro and Lee (2010), and Hanushek and Woessmann (2009).

Table 6: Non-tertiary vs. tertiary schooling

Sample:

full

OECD

OECD

OECD
w∕o USA

OECD

OECD

OECD
w∕o USA

(ɪ)

(2)

(3)

(4)

(5)

(6)

(?)

Cognitive skills

1.923
fP.72)

1.888
(6.09)

1.912
(6.83)

2.043
(37√)

Share of students reaching basic literacy

5.458

(7.13)

Share of top-performing students

11.597
(3.93)

12.855
(4.44)

Years of поп-tertiary schooling

0.076
(0.94)

0.012
(0.059)

Years of tertiary schooling

0.198
(0.16)

1.291

(7.53)

1.344

<7.77)

0.543
fθ.7√)

1.685
(2.37)

1.014
(0.96)

0.149
(3.73)

Initial GDP per capita

-0.325
(681)

-0.323
(8.85)

-0.320
(9. 78)

-0.323

(11.22)

-0.344

(10.53)

-0.264
(6.08)

-0.263
(637)

No. of countries

R2 (adj.)____________________________________

50
0.728

24
0.839

24
0.847

23
0.886

24
0.856

24
0.712

23
0.750

Notes: Dependent variable: average annual growth rate in GDP per capita, 1960-2000. Regressions include a constant, /-statistics in parentheses.
Source: Authors’ calculations based on data in Heston, Summers, and Aten (2002), Barro and Lee (2010), and Hanushek and Woessmann (2009).



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