In this paper, we argue that the condition of education and the economy of the low performing sub-Saharan African countries can be characterized as a stagnant steady state -- a "trap". We present a simple heterogeneous-agent model in which high costs of education relative to income and the skill...

In this paper, we argue that the case for universal compulsory education for sub-Saharan Africa might have been overstated. We capture the African situation through a heterogeneous-agent model, in which high costs of education relative to income and the skill premium cause the economy to...

This article reviews the current state of research on education externalities. It finds that much of the confusion regarding their magnitude results from conceptual misunderstandings about their nature. The concepts of 'education', 'teaching', and 'knowledge' need to be distinguished for a...

Since 2000, Official Development Assistance has played a crucial role in efforts related to the achievement of MDGs. This is especially the case in Sub-Saharan Africa (SSA) which is the world’s largest recipient of foreign aid. This paper assesses the effectiveness of aid and its efficient use...

If government revenues from a flat-rate income tax are spent on public factors and public factors are used for human capital production and human capital is used for the production of technical progress, then a higher rate of taxation will lead to a higher rate of technical progress if steady...

The paper fundamentally starts from a generally accepted truth, namely the one stating that education is the basic foundation of social, cultural, and economic development, the guarantee of building a future when young generations are going to benefit from new abilities, knowledge, and ideals;...

Higher education plays an important part in the European society, creating knowledge applicable to society and economy, and generating the process of economic and social evolution. Higher education institutions in Europe try to modernize both at the level of the courses they offer and at the...

En este documento se desarrolla una reflexión sobre las transformaciones que ha experimentado el sistema de producción internacional en las últimas décadas, que ha dado origen a lo que se denomina un nuevo modelo de producción e innovación, y sus implicaciones para las universidades, en...

This paper empirically analyzes the impact of aid on education for about 100 countries over the period 1970-2005. We estimate a system of equations to test whether and to what extent the impact of sector-specific aid on educational attainment depends on (i) the extent to which aid adds to...

This paper studies the costs and benefits of a mixed educational regime in which tax-financed public schools and tuition-financed private schools coexist. In the model, households are not allowed to borrow for education, but have a choice to educate their children in a public or a private...