Pueyo, Fernando; Sanso, Marcos - In: Spanish Economic Review 7 (2004) 1, pp. 23-41
expands. Skill gaps could arise as a consequence of poor education infrastructures, even in the efficient solution; in such … circumstances, we find that whilst education policies are able to encourage growth, R&D policies are not. Otherwise, subsidizing … education becomes ineffective for enhancing growth, although it could be necessary to avoid possible skill gaps originated by …