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levels? This paper aims to examine these issues with a particular focus on the importance of externalities. Externalities are … defined as region-specific economic effects influencing firm efficiency. These externalities can be broadly divided in the … following categories: i) urbanization economies which relate to diversity and density (Jacobs externalities), ii) localization …
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We investigate externalities in higher education enrollment over the course of development in a two-sector model. Each … acquiring human capital. Both sectors exhibit productivity externalities in the size of the skill-specific labor and in the …
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externalities that accrue to local geographic areas. The focus of the chapter is on the empirical issues that arise in identifying … these externalities and on the existing empirical evidence on their magnitude. …
Persistent link: https://www.econbiz.de/10014024011
Military expenditure in developing countries raises complex questions regarding growth, development, security and governance. This chapter provides an analytical survey of the effects and causes of defense spending in developing economies. Using stylized facts, theoretical models and empirical...
Persistent link: https://www.econbiz.de/10014024420
When productivity is fostered by an individual's own human capital as well as by the economy-wide average level of human capital, individuals under-invest in human capital. The provision of subsidies for the formation of human capital, conditional on the subsidy being self-financed by tax...
Persistent link: https://www.econbiz.de/10010292740
This paper provides a novel microeconomic foundation for pecuniary human capital externalities in a labor market model …
Persistent link: https://www.econbiz.de/10010268776