Eric Hanushek on Educational Quality and Economic Growth

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4.7 • 4.3K Ratings

🗓️ 6 August 2007

⏱️ 63 minutes

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Summary

Eric Hanushek, Senior Fellow at the Hoover Institution, talks about his research on the impact of educational quality on economic growth. Past efforts to increase the economic growth rate of poor countries have focused on years of schooling, neglecting the quality and true education that needs to take place. Hanushek presents dramatic findings about the decisive nature of cognitive ability and knowledge in driving economic growth. Join us as Hanushek talks with EconTalk host Russ Roberts about his findings and the implications for public policy around the world and in the United States.

Transcript

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0:00.0	Welcome to Econ Talk, part of the Library of Economics and Liberty.
0:12.5	I'm your host Russ Roberts of George Mason University and Stanford University's Hoover
0:17.3	Institution.
0:18.7	Our website is econtalk.org, where you can subscribe, find other episodes, comment on this podcast,
0:25.8	and find links to other information related to today's conversation.
0:29.9	Our email address is mailadicontalk.org.
0:33.6	We'd love to hear from you.
0:37.2	My guest today is Eric Hanna-Shek, the Paul and Jean Hanna, senior fellow at Stanford
0:41.8	University's Hoover Institution.
0:43.8	Rick, welcome back to Econ Talk.
0:45.4	Thanks for having me again.
0:47.2	Our topic today is, as before, education, a subject that you've done a vast amount of
0:53.8	research and study on.
0:56.2	In particular today, I want to talk about recent work that you've done on how education
0:59.9	affects growth, especially international growth, growth across countries and development
1:05.3	generally.
1:07.0	What have we learned about that process, about the relationship between growth and income?
1:13.8	Well, the relationship between education and growth.
1:19.7	In the last 20 years, economists have spent a lot of time looking at what determines
1:24.0	growth across nations.
1:27.1	Human capital, somehow defined, is always important.
1:31.0	But there's always been a difficulty in measuring what human capital is.
	...

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