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Education funding and regional convergence

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  • Philippe Monfort

    ()
    (IRES, Université catholique de Louvain, Place Montesquieu 3, B-1348 Louvain-la-Neuve, Belgium)

  • David de la Croix

    ()
    (National Fund for Scientific Research and IRES, Université catholique de Louvain, Place Montesquieu 3, B-1348 Louvain-la-Neuve, Belgium)

Abstract

The aim of this paper is to discuss the process of regional convergence within the framework of an overlapping generations model in which the engine of growth is the accumulation of human capital. In particular, we consider different education funding systems and compare their performance in terms of growth rates and pace of convergence between two heterogeneous regions. The analysis suggests that the choice of a particular education system incorporates a possible trade-off between long run growth rate and short run convergence. In such choice, the initial capital stock and the extent of regional human capital discrepancy appear as central variables.

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Bibliographic Info

Article provided by Springer in its journal Journal of Population Economics.

Volume (Year): 13 (2000)
Issue (Month): 3 ()
Pages: 403-424

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Handle: RePEc:spr:jopoec:v:13:y:2000:i:3:p:403-424

Note: Received: 27 January 1999/Accepted: 16 April 1999
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Keywords: Altruism · education · growth · convergence · capital mobility;

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References

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  9. Benabou, Roland, 1996. "Heterogeneity, Stratification, and Growth: Macroeconomic Implications of Community Structure and School Finance," American Economic Review, American Economic Association, vol. 86(3), pages 584-609, June.
  10. W.H. Buiter & K Kletzer, 1995. "Capital Mobility," CEP Discussion Papers dp0245, Centre for Economic Performance, LSE.
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  12. 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.
  13. Willem H. Buiter & Kenneth M. Kletzer, 1992. "Permanent International Productivity Growth Differentials in an Integrated Global Economy," NBER Working Papers 4220, National Bureau of Economic Research, Inc.
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Cited by:
  1. de la Croix, David, 1996. "Economic development and convergence clubs: the role of inherited tastes and human capital," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 1996024, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES), revised 00 Oct 1996.
  2. David E. Wildasin, 2014. "Human Capital Mobility: Implications for Efficiency, Income Distribution, and Policy," CESifo Working Paper Series 4794, CESifo Group Munich.
  3. Marion Davin & Karine Gente & Carine Nourry, 2011. "Social Optimum in an OLG Model with Paternalistic Altruism," Working Papers halshs-00644094, HAL.
  4. Rainald Borck, 2011. "Federalism, Fertility, and Growth," Scandinavian Journal of Economics, Wiley Blackwell, vol. 113(1), pages 30-54, 03.
  5. David de la Croix & Matthias Doepke, 2002. "Public versus Private Education when Differential Fertility Matters," UCLA Economics Working Papers 816, UCLA Department of Economics.
  6. Lionel Artige, 2010. "Endogenous Growth and Parental Funding of Education in an OLG Model with a Fixed Factor," CREPP Working Papers 1003, Centre de Recherche en Economie Publique et de la Population (CREPP) (Research Center on Public and Population Economics) HEC-Management School, University of Liège.
  7. Wildasin, David, 2014. "Human Capital Mobility: Implications for Efficiency, Income Distribution, and Policy," IZA Discussion Papers 8199, Institute for the Study of Labor (IZA).

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