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Croissance et formation : le rôle de la politique éducative

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  • Caroli, Eve

Abstract

Growth and Training: The Role of Education Policies, by Eve Caroli. This paper proposes a preliminary approach to the relation between growth and training policies. We use an extended version of the 1988 R. Lucas model, which was one of the first attempts at making human capital endogenous in a growth model. Our hypothesis is that the productivity of average per-capita training time - in terms of human capital growth rates - is not independent of the characteristics of the education system. We posit that it is an increasing, yet saturating, function of the training rate, which here is the exogenous variable in the education policy. Correlatively, the production function expression takes account of the fact that trainers represent so many staff less in the final production sector. The solving of the model shows that the economy's growth rate is an increasing and then decreasing function of the training rate all the way down the balanced growth path. This means that beyond a certain threshold, the increase in the training rate is counterproductive for growth. There thus exists an optimal training policy. This policy varies with the efficiency of the teachers. It is concluded that the lower the quality of the training staff and/or the poorer the teaching conditions, the lower the maximum growth rate able to be attained by the economy.

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Bibliographic Info

Paper provided by Paris Dauphine University in its series Economics Papers from University Paris Dauphine with number 123456789/10087.

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Date of creation: 1994
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Publication status: Published in Economie et Prévision, 1994, Vol. 116. pp. 49-61.Length: 12 pages
Handle: RePEc:dau:papers:123456789/10087

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Keywords: Éducation; développement économique;

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  1. N. Gregory Mankiw & David Romer & David N. Weil, 1990. "A Contribution to the Empirics of Economic Growth," NBER Working Papers 3541, National Bureau of Economic Research, Inc.
  2. Rebelo, Sergio, 1991. "Long-Run Policy Analysis and Long-Run Growth," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 99(3), pages 500-521, June.
  3. Hanushek, Eric A, 1986. "The Economics of Schooling: Production and Efficiency in Public Schools," Journal of Economic Literature, American Economic Association, vol. 24(3), pages 1141-77, September.
  4. David Card & Alan Krueger, 1990. "Does School Quality Matter? Returns to Education and the Characteristics of Public Schools in the United States," Working Papers, Princeton University, Department of Economics, Industrial Relations Section. 645, Princeton University, Department of Economics, Industrial Relations Section..
  5. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, Elsevier, vol. 22(1), pages 3-42, July.
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Cited by:
  1. bouoiyour, jamal, 2000. "Relation éducation croissance économique au Maroc Long terme ou court terme?
    [Education and Economic Growth in Morocco: short-term or long term relationship?]
    ," MPRA Paper 29162, University Library of Munich, Germany.
  2. de Meulemeester, Jean-Luc & Rochat, Denis, 1995. "A causality analysis of the link between higher education and economic development," Economics of Education Review, Elsevier, Elsevier, vol. 14(4), pages 351-361, December.

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