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Public vs private schooling in an endogenous growth model

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  • Luís Aguiar-Conraria

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    (NIPE, Universidade do Minho and Cornell University)

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    Abstract

    I present an overlapping generations model, with formal education as the engine of growth, close to Glomm and Ravikumar (1992). Contrary to Glomm and Ravikumar, I show that public schooling, when compared to a private system, may stimulate economic growth.

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    File URL: http://www.accessecon.com/pubs/EB/2005/Volume9/EB-05I20026A.pdf
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    Bibliographic Info

    Article provided by AccessEcon in its journal Economics Bulletin.

    Volume (Year): 9 (2005)
    Issue (Month): 10 ()
    Pages: 1-6

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    Handle: RePEc:ebl:ecbull:eb-05i20026

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    1. Zhang, Jie, 1996. " Optimal Public Investments in Education and Endogenous Growth," Scandinavian Journal of Economics, Wiley Blackwell, vol. 98(3), pages 387-404.
    2. Braeuninger, M. & Vidal, J.-P., 1999. "Private Versus Public Financing of Education and Endogenous Growth," G.R.E.Q.A.M. 99a11, Universite Aix-Marseille III.
    3. Galor, Oded & Zeira, Joseph, 1993. "Income Distribution and Macroeconomics," Review of Economic Studies, Wiley Blackwell, vol. 60(1), pages 35-52, January.
    4. Glomm, Gerhard & Ravikumar, B, 1992. "Public versus Private Investment in Human Capital Endogenous Growth and Income Inequality," Journal of Political Economy, University of Chicago Press, vol. 100(4), pages 818-34, August.
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