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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