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broader measure of human capital that accounts for international differences in the quality of education. Our findings suggest … that more quality-adjusted education does increase the income of the poor in addition to its positive effect on average … income. Hence effective education policies should be an essential component of any poverty-reduction strategy. …
Persistent link: https://www.econbiz.de/10010314076
-run effects of capital markets integration, in equilibrium, on the optimal provision of education and growth. Third, we examine a … education with and without capital markets integration. First, we explore how regimes of education provision - public, private … competition game where countries compete in the provision of public education. …
Persistent link: https://www.econbiz.de/10010314866
Development Reports, to include not only consumption, but also education, leisure, the stock of knowledge and the quality of the … hand, the stock of knowledge is twice as large, and education is four times as large. So if the true social welfare index … intensive ones, like knowledge, education, and leisure. …
Persistent link: https://www.econbiz.de/10010318844
long time period (1960-2000), we update the results of previous studies on education gaps on growth and extend the analysis … growth. The combined 'costs' of education and employment gaps in Middle East and North Africa and South Asia amount …Using cross-country and panel regressions, we investigate to what extent gender gaps in education and employment …
Persistent link: https://www.econbiz.de/10010281815
Our paper investigates the unexplored impact of education on inflation and of this relationship on economic growth. By … the effects of the stance of domestic monetary policy. We also show that the negative impact of inflation on growth in … findings outline a third potential role of human capital on conditional convergence. They show that education is not only a …
Persistent link: https://www.econbiz.de/10010284682
This paper develops a classical-Marxian macroeconomic model to examine the growth and distributional consequences of … education. First, the role of education in skill formation is considered and it is shown that an expansion in education will … promote growth and have beneficial distributional effects within the working class, but it will redistribute income from …
Persistent link: https://www.econbiz.de/10010287828
international tests, and growth. We take account of another fifteen years of growth and approximately twice as many test score … results. We treat the data first as a panel, relating growth only to test scores at earlier dates, and then as a cross …-section. In both cases we find the effect of schooling quality on growth to be statistically significant but substantially smaller …
Persistent link: https://www.econbiz.de/10010288527
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 …
Persistent link: https://www.econbiz.de/10012429979
This paper surveys the empirical and theoretical link between education and growth in the growth process of Asian … countries. Particular attention is paid to the link between education and productivity, and to models that characterize key … features of growth processes of Asian countries. Empirical studies show that these key features include liability to falling …
Persistent link: https://www.econbiz.de/10008826308
Persistent link: https://www.econbiz.de/10009425086