Castelló-Climent, Amparo; Hidalgo-Cabrillana, Ana - Centre for Economic Performance, LSE - 2011
when deciding on investments in secondary education and above, and to study how educational quality affects economic growth …. In a dynamic general equilibrium closed economy, primary education is mandatory but there is an opportunity to continue … on in education, which is a private choice. High-quality education increases the returns to schooling, and hence the …