Author: Jie ZhangPublisher:
ISBN:
Category : Education
Languages : en
Pages : 32
Book Description
Optimal Public Investments in Education, and Endogenous Growth
Author: Jie ZhangPublic Infrastructure and Growth
Author: Pierre-Richard AgénorPublisher: World Bank Publications
ISBN:
Category : Children
Languages : en
Pages : 59
Book Description
Abstract: This paper provides an overview of the various channels through which public infrastructure may affect growth. In addition to the conventional productivity, complementarity, and crowding-out effects typically emphasized in the literature, the impact of infrastructure on investment adjustment costs, the durability of private capital, and the production of health and education services are also highlighted. Effects on health and education are well documented in a number of microeconomic studies, but macroeconomists have only recently begun to study their implications for growth. Links between health, infrastructure, and growth are illustrated in an endogenous growth model with transitional dynamics, and the optimal allocation of public expenditure is discussed. The concluding section draws implications of the analysis for the design of strategies aimed at promoting growth and reducing poverty.
Schooling and Public Capital in a Model of Endogenous Growth
Author: Pierre-Richard AgnorPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This paper studies the allocation of public spending between education services and infrastructure investment in an endogenous growth model of a developing economy where public capital in infrastructure affects human capital accumulation. The balanced growth path is derived and the possibility of local indeterminacy is discussed. Dynamics associated with a budget-neutral reallocation of spending from education to infrastructure are studied through numerical simulations. The growth-maximizing share of investment in infrastructure is shown to depend on the goods production technology and the productiveness of infrastructure in the schooling technology. Properties of the welfare-maximizing solution are also discussed.
Tax Policy and Human Capital Formation with Public Investment in Education
Author: Simone ValenteHuman Capital and Economic Growth
Author: Alberto BucciPublisher: Springer Nature
ISBN: 3030215997
Category : Business & Economics
Languages : en
Pages : 384
Book Description
This edited collection explores the links between human capital (both in the form of health and in the form of education), demographic change, and economic growth. Using empirical as well as theoretical perspectives, the authors investigate several important issues in the context of human capital, namely population ageing, inequality, public policy, and long-term economic development. Ultimately, they demonstrate that the accumulation of human capital is of crucial importance to long-run economic growth.
Optimal Education Subsidy and Taxes in an Endogenous Growth Model with Human Capital
Author: Maurice G. MarchandLong-run Growth, Social Institutions and Living Standards
Author: Neri SalvadoriPublisher: Edward Elgar Publishing
ISBN: 1781007764
Category : Business & Economics
Languages : en
Pages : 396
Book Description
This engaging book contains a set of original contributions to the much-debated issues of long-run economic growth in relation to institutional and social progress. It explores the mutual relationships between living standards, social habits, education an
Public Capital, Growth and Welfare
Author: Pierre-Richard AgénorPublisher: Princeton University Press
ISBN: 0691155801
Category : Business & Economics
Languages : en
Pages : 264
Book Description
Laying a solid foundation of economic facts and ideas, this book provides a comprehensive look at the critical role of public capital in development.
Handbook of the Economics of Population Aging
Author: John PiggottPublisher: Elsevier
ISBN: 0444634045
Category : Social Science
Languages : en
Pages : 1080
Book Description
Handbook of the Economics of Population Aging synthesizes the economic literature on aging and the subjects associated with it, including social insurance and healthcare costs, both of which are of interest to policymakers and academics. These volumes, the first of a new subseries in the Handbooks in Economics, describe and analyze scholarship created since the inception of serious attention began in the late 1970s, including information from general economics journals, from various field journals in economics, especially, but not exclusively, those covering labor markets and human resource issues, from interdisciplinary social science and life science journals, and from papers by economists published in journals associated with gerontology, history, sociology, political science, and demography, amongst others. - Dissolves the barriers between policymakers and scholars by presenting comprehensive portraits of social and theoretical issues - Synthesizes valuable data on the topic from a variety of journals dating back to the late 1970s in a convenient, comprehensive resource - Presents diverse perspectives on subjects that can be closely associated with national and regional concerns - Offers comprehensive, critical reviews and expositions of the essential aspects of the economics of population aging
The Economics of Screening and Risk Sharing in Higher Education
Author: Bernhard EckwertPublisher: Academic Press
ISBN: 0128031913
Category : Business & Economics
Languages : en
Pages : 190
Book Description
The Economics of Screening and Risk Sharing in Higher Education explores advances in information technologies and in statistical and social sciences that have significantly improved the reliability of techniques for screening large populations. These advances are important for higher education worldwide because they affect many of the mechanisms commonly used for rationing the available supply of educational services. Using a single framework to study several independent questions, the authors provide a comprehensive theory in an empirically-driven field. Their answers to questions about funding structures for investments in higher education, students' attitudes towards risk, and the availability of arrangements for sharing individual talent risks are important for understanding the theoretical underpinnings of information and uncertainty on human capital formation. - Investigates conditions under which better screening leads to desirable outcomes such as higher human capital accumulation, less income inequality, and higher economic well-being. - Questions how the role of screening relates to the funding structure for investments in higher education and to the availability of risk sharing arrangements for individual talent risks. - Reveals government policies that are suited for controlling or counteracting detrimental side effects along the growth path.