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, which evolved through structural transformation in the era of globalization. The analysis is based on a dynamic model …
Persistent link: https://www.econbiz.de/10005233871
The process of globalization is an international economic order which has led to the progressive integration of the … technological innovation also provides impetus to the progressive integration of the nations. The elements of globalization include … economic benefits, globalization also indicates the flow of ideas, norms, information and peoples. There is a large …
Persistent link: https://www.econbiz.de/10005822966
This paper considers education investment and public education subsidies in closed and open economies with an extortionary government. The extortionary government in a closed economy has incentives to subsidize education in order to overcome a hold-up problem of time consistent taxation, similar...
Persistent link: https://www.econbiz.de/10005566624
This paper compares education investment in closed and open economies without government and with a benevolent government. The fact that the time consistency problem in taxation can make labor mobility beneficial even if governments are fully benevolent - which is known from other contexts - is...
Persistent link: https://www.econbiz.de/10005762254