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on Knowledge Management and Knowledge Economy |
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Issue of 2025–01–13
three papers chosen by Laura Nicola-Gavrila, Centrul European de Studii Manageriale în Administrarea Afacerilor |
| By: | Heng-fu Zou (The World Bank) |
| Date: | 2024–11–28 |
| URL: | https://d.repec.org/n?u=RePEc:cuf:wpaper:709 |
| By: | Honkapohja, Seppo; McClung, Nigel |
| Abstract: | Properties of average inflation targeting under imperfect knowledge and learning have been studied only for the Rotemberg NK model, where price stickiness arises from adjustment costs in price setting. This note fills the gap by studying average inflation targeting in the NK model with Calvo price stickiness. It is shown that in this setting the two models have the same basic properties, unless the central bank aggressively stabilizes output instead of average inflation. |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:bofrdp:306369 |
| By: | Hammed Musibau; Joaquin Vespignani; Maria Belen Yanotti |
| Abstract: | This paper explores the impact of education quality on economic growth in 37 OECD countries. We developed a new dataset that combines mixed-frequency data, including low-frequency data (every three years) from the Programme for International Student Assessment (PISA) and annual data from the World Development Indicators (WDI), covering the period from 2000 to 2018. Our study investigates the relationship between education quality and economic growth. We found that a 1% increase in educational quality contribute to an annual economic growth rate of 2.8%. This result is significantly higher than previous research, which, based on cross-sectional PISA data, reported growth rates ranging from 0.4% to 2.3%. |
| Keywords: | economic growth, education quality, PISA data |
| JEL: | O47 F64 C31 |
| Date: | 2024–12 |
| URL: | https://d.repec.org/n?u=RePEc:een:camaaa:2024-72 |