The Growth Commission’s reports identify the ingredients that, if used in the right country-specific recipe, can deliver growth and help lift populations out of poverty. The Commission, consisting of 19 experienced leaders and 2 Nobel prize-winning economists, has released several commission reports, thematic volumes, and background working papers. The spring 2010 volume is the final book from the Commission. The Commission is succeeded by The Growth Dialogue.
Does education matter for growth? Which
type of education investment (primary, secondary, or
tertiary) matters most? Is there a relationship between
growth or innovation and the governance of higher education?
This paper surveys recent attempts at answering these
questions. It first contrasts the 'Lucas
approach,' whereby growth is affected by the
accumulation of human capital, with the 'Nelson?Phelps
approach,' whereby growth is affected by the stock of
human capital and by its interaction with the underlying
process of technological innovation. Then the paper argues
that growth in countries that are close to the world
technological frontier benefit more from tertiary education,
whereas countries that lie below the frontier benefit more
from primary and secondary education. Finally, the paper
discusses the relationship between innovation and the
governance of universities.