Economic Growth in Developing Contries.


Principal Investigator


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Project Details

Start date: 01/12/2011

End date: 31/12/2014


New research proves the long held expectation that human 

capital formation (a population’s education and health status) 

plays a significant role in a country’s economic development. 

Better education leads not only to higher individual income but is 

also a necessary (although not always sufficient) precondition for 

long-term economic growth.

Despite an abundance of cross-section, panel, and event studies, there is strikingly little convincing documentation of direct positive impacts of financial opening on the economic welfare levels or growth rates of developing countries. 



Other Team Members

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External Partners

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Research Areas


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Last updated on 2015-06-03 at 12:19