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Human Capital Accumulation and Public Sector Growth
Tanzi, Vito - 1995
The present paper takes a fresh theoretical and empirical look into the relationship between Wagner’s law and economic development. It introduces human capital into a classic two-sector model of unbalanced growth. It shows that, as an economy develops, changes in the relative returns to human...
Persistent link: https://www.econbiz.de/10014395897
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Tuition Subsidies in a Model of Economic Growth
Gerson, Philip R. - 1994
This paper examines a two-sector aggregative growth model with human capital and educated unemployment. In the model, a tuition subsidy may lead to a long-run decline in the educated fraction of the population, because it may decrease the long-run per capita stock of physical capital in the...
Persistent link: https://www.econbiz.de/10014398068
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Migration and Human Capital Formation : Theory and Evidence From the U.S. High School Movement
Ramcharan, Rodney - 2002
In 1910, 12 percent of American 14-17 year olds were enrolled in high school; by 1930, enrollment had increased to 50 percent; enrollment in Britain was 12 percent in 1950. This paper argues that by increasing the skill premium, the massive inflows of European unskilled immigrants at the turn of...
Persistent link: https://www.econbiz.de/10014399647
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Composition of Government Expenditure, Human Capital Accumulation, and Welfare
Matovu, John - 2000
affects human capital, and infrastructure expenditures that affect productivity. The paper finds that social expenditures lead …
Persistent link: https://www.econbiz.de/10014399948
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Epidemics, gender, and human capital in developing countries
Fabrizio, Stefania; Gomes, Diego Braz Pereira; … - 2021
Epidemics have disrupted lives for centuries with deleterious human capital and economic repercussions. In this paper, we investigate how epidemics episodes have impacted school dropouts in developing countries, considering 623 epidemics episodes across countries from 1970 to 2019. Our estimates...
Persistent link: https://www.econbiz.de/10012796214
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The spending challenge of achieving the SDGs in South Asia : lessons from India
García-Escribano, Mercedes; Tewodaj Mogues; Moszoro, … - 2021
South Asia has experienced significant progress in improving human and physical capital over the past few decades. Within the region, India has become a global economic powerhouse with enormous development potential ahead. To foster human and economic development, India has shown a strong...
Persistent link: https://www.econbiz.de/10012794911
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The Impact of Public Capital, Human Capital, and Knowledgeon Aggregate Output
Joutz, Frederick L. - 2008
This paper investigates the impact of public capital on private sector output by testing and estimating an aggregate production function for the U.S. economy over the postwar period augmented to include the stock of public capital as an additional factor input. We use patent applications to...
Persistent link: https://www.econbiz.de/10014401381
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Fiscal buffers for natural disasters in Pacific island countries
Nishizawa, Hidetaka; Roger, Scott; Zhang, Huan - 2019
post-disaster relief and recovery efforts. This paper estimates the effects of severe natural disasters on fiscal revenues … budgetary savings needed to build appropriate fiscal buffers. Fiscal buffers provide self-insurance against natural disaster … and infrastructure. The estimates can provide a benchmark for policymakers, and should be adjusted to take into account …
Persistent link: https://www.econbiz.de/10012102133
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Pooling fiscal risk in the ECCU : quantitative assessment of savings with a regional stabilization fund
Guerson, Alejandro - 2021
This paper quantifies the savings obtained from risk pooling with a Regional Stabilization Fund (RSF) for the Eastern Caribbean Currency Union. A Monte Carlo experiment is used to estimate the size of a RSF conditional on probabilities of depletion under specific saving-withdrawal rules. Results...
Persistent link: https://www.econbiz.de/10012605596
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Government insurance against natural disasters : an application to the ECCU
Guerson, Alejandro - 2020
are based on a Monte-Carlo experiment that simulates natural disaster shocks and their impact on output and government …
Persistent link: https://www.econbiz.de/10012485945