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http://www.itinerainstitute.org/en/library/_paper/do-better-schools-lead-to-more-growth/
Do better schools lead to more growth?
08 December 2009
In many empirical growth studies education is often identified as one of the most effective investments to foster significant growth on the long term. In fact, this is no different for this IZA report. And, from a policy perspective, the shares of basic literates and high performers have independent significant effects on growth, and the estimates suggest that the high-performer effect is larger in poorer areas or countries. So don’t be a fool, and invest in schools!

http://ftp.iza.org/dp4575.pdf

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