Creedy, John; Gemmell, Norman - In: Journal of Economic Studies 32 (2005) May, pp. 114-131
Purpose – This paper aims to examine the growth effects of human capital investment achieved through publicly …-provided, compulsory education, financed from income and consumption taxes. Design/methodology/approach – Constructs an endogenous growth … and capital income, and consumption. Semi-reduced forms are obtained to examine the equilibrium growth properties of the …