Are educational reforms necessarily growth-enhancing? Weak institutions as the cause of policy failure
Lyubimov, Ivan (29.09.2016)
JulkaisusarjaBOFIT Policy Brief
Bank of Finland
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-201609301435
In this short paper, we emphasize the importance of reforms sequencing and discuss it in the context of potential educational and institutional reforms in Russia. As weak institutions correspond to a more binding constraint on economic growth than a stagnant education system, we argue that an educational policy is likely to be effective only if it takes place after broader institutional reform is implemented. Otherwise, even a properly implemented education reform might fail to boost economic growth.