Teles, Vladimir Kuhl; Andrade, Joaquim - In: Journal of Economic Studies 35 (2008) July, pp. 352-364
Purpose – The main purpose of this paper is to visualize the relation between government spending on basic education … education, and on economic growth. Design/methodology/approach – The paper uses an overlapping-generations model where the … government tax the adult generation and spent it in basic education of the next generations. Findings – It was demonstrated that …