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В разделе собрана информация о статьях по экономике, социологии и менеджменту. Во многих случаях приводятся полные тексты статей. (подробнее...)

Quarterly Journal of Economics

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Опубликовано на портале: 22-03-2007
Joshua D. Angrist, Alan B. Krueger Quarterly Journal of Economics. 1991.  Vol. 106. No. 4. P. 979-1014. 
The authors establish that season of birth is related to educational attainment because of school start age policy and compulsory school attendance laws. Individuals born in the beginning of the year start school at an older age, and can therefore drop out after completing less schooling than individuals born near the end of the year. Roughly 25 percent of potential dropouts remain in school because of compulsory schooling laws. They estimate the impact of compulsory schooling on earnings by using quarter of birth as an instrument for education. The instrumental valuables estimate of the return to education is close to the ordinary least squares estimate, suggesting that there is little bias in conventional estimates.
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Опубликовано на портале: 18-08-2004
Bradford DeLong, Lawrence H. Summers Quarterly Journal of Economics. 1991.  Vol. 106. No. 2. P. 445-502. 
Using data from the United Nations Comparison Project and the Penn World Table, we find that machinery and equipment investment has a strong association with growth: over 1960-1985 each extra percent of GDP invested in equipment is associated with an increase in GDP growth of one third of a percentage point per year. This is a much stronger association than found between growth and any of the other components of investment. A variety of considerations suggest that this association is causal, that higher equipment investment drives faster growth, and that the social return to equipment investment in well-functioning market economies is on the order of 30 percent per year.
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