Purpose: The purpose of this paper is to explore the manner in which the degree of substitutability between public and private health expenditures contributes towards the distribution of wealth and political economy outcomes in the long run. Design/methodology/approach: An overlapping...

Purpose: The purpose of this paper is to explore the properties of the variable elasticity of substitution (VES) production function, and examine the dynamics of growth associated with it. Design/methodology/approach: The VES production function is incorporated into an otherwise standard...

This article provides a systematic exploration of approaches to knowledge sharing among students in universities by drawing on interdisciplinary literature. The importance of knowledge sharing between students is reviewed in relation to the current higher education landscape, especially in...

We incorporate a variable elasticity of substitution production function into an overlapping generations model à la Diamond (1965). We show that a certain parameter in the production function is a source of biased technical change is a crucial determinant of the economy's growth dynamics. For...

We develop an overlapping generations model to explore how the degree of aggregate substitutability between public and parental education expenditures impacts long run macroeconomic outcomes. Using a variable elasticity of substitution “education production function,” in which public and...

We consider an overlapping generations model with heterogeneous agents where a person's probability of survival into old age is determined by a variable elasticity of substitution health production function with public and private expenditures as inputs. Analytical and numerical results reveal...