Economic integration and growth under intergenerational financing of human-capital formation
AbstractThis paper examines the patterns of economic integration and endogenous growth in a two-country overlapping generations world in which the formation of childrn's human capital is financed by parents. It explores the influence of cross-border external effects in human capital on growth. Interestingly, world integration can enhance (reduce) long-run growth in both countries if cross-border external effects in human capital are sufficiently strong (weak).
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Bibliographic InfoArticle provided by Springer in its journal Journal of Economics Zeitschrift für Nationalökonomie.
Volume (Year): 72 (2000)
Issue (Month): 3 (October)
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Web page: http://www.springerlink.com/link.asp?id=108909
human capital; economic integration; overlapping generations; F15; J24;
Other versions of this item:
- Michel, P. & Vidal., J.-P., 1998. "Economic Integration and Growth under Intergenerational Financing of Human Capital Formation," Cambridge Working Papers in Economics 9809, Faculty of Economics, University of Cambridge.
- Michel, P. & Vidal, J.-P., 1999. "Economic Integration and Growth under Intergenerational Financing of Human Capital Formation," G.R.E.Q.A.M. 99a55, Universite Aix-Marseille III.
- F15 - International Economics - - Trade - - - Economic Integration
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
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