Frederic, DOCQUIER; Oliver, Paddison; PESTIEAU, Pierre - Institut de Recherche Économique et Sociale (IRES), … - 2006
This paper considers a three-overlapping-generations model of endogeneous growth wherein human capital is the engine of growth. It first contrasts the ‘laissez-faire’ and the optimal solutions. Three possible accumulation regimes are distinguished. Then it discusses a standard set of...