2020
DOI: 10.1353/jda.2020.0007
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Education and Economic Growth in Cape and Natal Colonies: Learning from History

Abstract: This paper uses archival data from colonial South Africa over the 1859-1910 period to investigate the impact of education on economic growth. The analysis applies fixed effect to account for unobserved colony-level heterogeneity and minimise the omitted variable bias. It also employs fixed effects two-stage least squares (FE-2SLS) estimator to account for a possible endogeneity bias due to reverse causation between economic growth and education or other forms of endogeneity problem. The results suggest that le… Show more

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