Creativity and innovation are important inputs in the global knowledge economy. However, while the theoretical concepts and the measurement of creativity on the individual level have made considerable progress during the last decades, so-called sectoral approaches to measuring creativity and innovation on the level of aggregate units are less well…

An emerging economic literature over the past decade has made use of international tests of educational achievement to analyze the determinants and impacts of cognitive skills. The cross-country comparative approach provides a number of unique advantages over national studies: It can exploit institutional variation that does not exist within…

We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect of cognitive skills and supports the economic benefits of effective school policy. We develop a new common metric that allows tracking student achievement across countries, over time, and along the within-country distribution.…

The purpose of this paper is to compare the role of human capital accumulation measured by number of years of schooling with the relative contribution of institutional capacity to prosperity. We employ several concepts of institutional quality prevalent in the literature. We discover that developing human capital is as important as superior…

This paper uses a combination of quantitative and qualitative evidence to assess the ways and extent to which, by 2007/2008, higher education graduates in the South Caucasus capitals were, and were not, deriving labour market benefits from their higher education. The quantitative evidence is from representative samples of approximately 200 in the…

The momentum behind high-quality, voluntary pre-kindergarten is growing dramatically across the country--in families, in communities, and in the halls of academia and government. Thanks to this strong wave of support, state spending on pre-k increased from $2.4 billion to $4.2 billion nationwide between 2002 and 2007. This investment is built upon…

Academic research institutions have long been important economic anchors for New York City. They provide thousands of jobs and serve as a magnet for talented students and faculty, who inject hundreds of millions of dollars into the local economy through federal research grants. Yet, even though New York's concentration of top-fight scientific…

Purpose: This paper focuses on the comparison of two models for entrepreneurial education with the aim of potential integration. At this juncture when entrepreneurial development is seen as the core contributor to enhance start-ups of new ventures and hence facilitate economic growth and development, the best possible education model is required.…