Is Financial Openness bad for Education? A Political Economy Perspective on Development
AbstractThis paper presents a simple model of the links between education, democratization and economic development. In a context of imperfect capital markets, we investigate the incentives for a capitalist oligarchy to subsidize the education of poor workers and to initiate a political transition.
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Bibliographic InfoPaper provided by DELTA (Ecole normale supérieure) in its series DELTA Working Papers with number 1999-20.
Length: 16 pages
Date of creation: 1999
Date of revision:
Publication status: Published in European Economic Review, vol. 44, no. 4-6, pp. 891-903.
INTERNATIONAL AFFAIRS ; ECONOMIC DEVELOPMENT ; GOVERNMENT;
Other versions of this item:
- Bourguignon, Francois & Verdier, Thierry, 2000. "Is financial openness bad for education? A political economy perspective on development," European Economic Review, Elsevier, vol. 44(4-6), pages 891-903, May.
- F2 - International Economics - - International Factor Movements and International Business
- H1 - Public Economics - - Structure and Scope of Government
- I2 - Health, Education, and Welfare - - Education
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
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