The double dividend of expanding education for development
In the previous chapter, I advanced the argument that democracy is expected to lead to educational expansion in order to make plausible the indirect links between democracy, educational expansion and accelerated economic development. Empirical evidence for both links was found. More education in the population was related both to more democracy and to faster economic development. While the ﬁrst link has not often been studied, the latter has; there is plenty of evidence from cross-national studies that education is a good predictor of economic growth, alongside investment in physical capital, the straggler effect and other control variables. Indeed, we presented evidence so far in the book that education not only adds to economic growth but eases structural change, too (see last chapter as well as Chapter 3 on Internet diffusion).