The supply of human capital in the economy's production activities is a function of the quality and volume of education … services provided at the secondary and tertiary levels in the education system. Hence, the allocation of resources by … government to education is an important determinant of human capital formation. Depending on its level-specific variations, a …

with less unexplained growth. The theory distinguishes between three different sources of education gains: (1) supply …Growth accounting exercises using standard human capital measures are limited in their ability to attribute causal … effects and to explain growth. This paper develops a model of growth and schooling consistent with these decompositions but …

growth and dynamic efficiency, especially when credit markets for education loans are missing. We demonstrate conditions …Parental transfers towards the education of children are non-trivial, especially in countries, characterized by both … imperfect credit markets and high economic growth rates. In this paper, we analyze the role of parental altruism on economic …

This study articulates the interaction between institutional governance, education and economic growth. Given the … analyze the main mechanisms by which the macroeconomic impact of education on growth (and economic development) occurs. Our … current pursuit of education policy reforms and knowledge economy around the world, it is of policy relevance to theoretically …

A simple classical-Marxian model of growth and distribution is developed in which education transforms low … education can have a positive effect on growth but by altering the distribution of income rather than by fostering technological …-skilled wages and profit income. We analyze the implications for class divisions, growth and distribution, of the transformation of …

growth and dynamic efficiency, especially when credit markets for education loans are missing. We demonstrate conditions …Parental transfers towards the education of children are non-trivial, especially in countries, characterized by both … imperfect credit markets and high economic growth rates. In this paper, we analyze the role of parental altruism on economic …