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 …

In this paper, a modification is made to the endogenous growth model studied by Lucas [1988]. It is shown that if … equilibrium growth rate. Consumption taxation may increase the growth rate. If there is an externality in production of human … capital, then it may be optimal to impose a capital tax, as opposed to a subsidy, to achieve the optimal growth rate. This may …

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 …

-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. …

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 …