We introduce publicly funded education into R&D based economic growth theory. Our framework allows us to i) explicitly … describe a realistic process of human capital accumulation within these types of growth models, ii) reconcile semi …-endogenous growth theory with the empirical evidence on the relationship between economic development and population growth, iii) revise …

We introduce publicly funded education into R&D-based economic growth theory. Our framework allows us to i) explicitly … describe a realistic process of human capital accumulation within these types of growth models, ii) reconcile semi …-endogenous growth theory with the empirical evidence on the relationship between economic development and population growth, and iii …

This paper contributes to the literature on economic growth by seeking to join several lines of research on structural … demand factors in a model of export-led growth, on the other hand. Balance-of-payments constraints influence the adoption of … and human capital is likewise revealed to be crucial for growth, both results having important policy implications …

This paper studies the effects of distortionary taxes and public investment in an endogenous growth OLG model with … knowledge transmission. Fiscal policy aspects growth in two respects: first, work time reacts to variations of prospective tax … generations, and are not necessarily growth-improving with respect to a pure private system. Non-Ramsey policies that shift the …

We show that in a endogenous growth model with human accumulation calibrated to Bulgarian data under the progressive … recent findings in Chen and Guo (2015) in the context of an AK endogenous growth model. Also, the findings are in contrast to …

imperfect credit markets and high economic growth rates. In this paper, we analyze the role of parental altruism on economic … growth and dynamic efficiency, especially when credit markets for education loans are missing. We demonstrate conditions … under which missing or imperfect credit markets increase economic growth and do not hinder dynamic efficiency. We also show …

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

This paper combines three prototype endogenous growth models, the models with human capital accumulation introduced by … order to investigate how these three engines of growth interact. We show that a subsidy to human capital accumulation has a … around the steady growth path. It suggests that Schumpeterian growth models `a la Howitt [1999] should share the locally …