Iacopetta, Maurizio - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2009
capital. The learning rate increases with the stock of public knowledge - the primary input used by the education sector. The … conjecture is that when public knowledge hits a critical threshold, the rate of return on education becomes large enough to … induce individuals to spend time in school. The stock of public knowledge grows as the number of technologies available …