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Tuesday, May 02, 2006

Comments

David Wiczer

Thanks for the tip. This is a pretty interesting article. Seems to reinforce that old, dictum that theory has to precede econometrics. Was it Ed Prescott that said "Progress, do not regress."

Garett Jones

From McArtney's piece: "A particular problem for [growth] regression analysis is finding a satisfactory measurement of human capital..."

I've got a proposal: National Average IQ. Looks like it has a vastly more robust relationship with growth than typical education measures. Here's the free version of my paper with psychologist Joel Schneider that makes the point formally....

www.siue.edu/~garjone/JonesSchneApr.pdf

The non-free version is in the new issue of J Econ Growth.

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