In the past decade, hundreds of impact evaluation studies have measured the learning outcomes of education interventions in developing countries. The impact magnitudes are often reported in terms of "standard deviations," making them difficult to communicate to policy makers beyond education specialists. This paper proposes two…

In this paper we argue that the primary force behind the large drop in real exchange rates that occurs after large devaluations is the slow adjustment in the prices of nontradable goods and services. Our empirical analysis uses data from five large devaluation episodes: Argentina (2002), Brazil (1999), Korea (1997), Mexico (1994), and Thailand…

Recent literature on Brazilian educational finance has documented low expenditure levels and problems of efficiency, efficacy, and equity. This paper analyzes financial data from Bahia state "municipios" and examines revenue and expenditure trends to explain variations in financial commitment across "municipios." Local interest…

Earnings functions have been widely used to estimate the returns to education and training. Many studies have relied on the Mincerian specification for the earnings function, which embodies several assumptions. A study of Brazilian workers' wages finds that the Mincerian specification yields upwardly biased estimates of the returns to education,…

A fundamental worldwide trend of the past few decades has been the remarkable expansion of national systems of formal education. Two competing theories have been adduced to explain how this expansion affects patterns of equality of educational opportunity. The thesis of industrialization holds that educational expansion tends to increase equality…

An 8-year study of academic achievement, student performance, and education costs in rural northeastern Brazil investigated the presumption that students automatically perform better when more school resources are provided. Two main topics were examined: the success of EDURURAL, an educational intervention project in rural Brazil sponsored by the…

Technology provides a new and effective tool for accelerating economic growth, and developing countries are embracing technology and education as the means toward attaining economic parity with the United States and other developed nations. Evidence suggests that this strategy is paying off. Developing countries are building a technology…