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Capital Formation by Expenditures on Formal Education, 1880 and 1890

Published online by Cambridge University Press:  03 February 2011

Lewis C. Solmon
Lewis C. Solmon
Affiliation:
Purdue University
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Abstract

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Type
Summary of Doctoral Dissertations
Information
The Journal of Economic History , Volume 29 , Issue 1 , March 1969 , pp. 167 - 172
Copyright
Copyright © The Economic History Association 1969

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References

1 When income was in the regression with (a) total costs per school age population, an R2 of 0.5985 was obtained; with (b) total costs per capita, the R2 was 0.4323; with (c) government spending, the R2 was 0.6190; with (d) man-days attended per school age population, the R2 was 0.3040; with (e ) percent enrolled of population 5 to 18, the R2 was 0.2018; and with (f) the fraction of income devoted to schooling, the R2 was 0.0585.

2 The regressions run were of the form: log E = log k +f α log A + β log F + ≠ log W + δ log L + ρ log D + π log Y where E is education, A is percent of workers employed in agriculture, F is percent of population foreign, W is percent of population white, L is illiteracy, D is population density, Y is income per capita.

3 R2's for the six regressions with dependent variables corresponding to previous footnote were (a) 0.9202, (b) 0.8902, (c) 0.8962, (d ) 0.8663, (e) 0.7349, and (f) 0.7351.