Ziesemer, Thomas - United Nations University-Maastricht Economic Research … - 2012
countries reduce taxation and public expenditure on education as a share of GDP. This may slow down growth of human capital, one … of the major growth factors. In poor countries they raise more tax revenues and spend more money on education, which is … likely to support growth. Strong non-linearities, which differ by country group, make the effects of shocks dependent on the …