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Implications of Quality of Schooling on Economic Growth and Convergence– A System Dynamics Perspective

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  • Meeta Keswani Mehra

    (Jawaharlal Nehru University)

  • Swati Saini

    (Jawaharlal Nehru University)

Abstract

This paper formulates a growth model to study the interlinkages among quality of schooling, human capital and technical progress of a stylized developing economy such as India. The simulation results reveal that under the technology regimes of innovation and imitation, the quality of schooling triggers a child quantity-quality trade-off wherein parents invest in educating their children and bear lesser number of children when schooling quality exceeds an endogenously determined threshold. Consequently, the stylized economy reaches a self-sustaining growth path under both the regimes by investing in human capital of the young generation in the long-run.

Suggested Citation

  • Meeta Keswani Mehra & Swati Saini, "undated". "Implications of Quality of Schooling on Economic Growth and Convergence– A System Dynamics Perspective," Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi Discussion Papers 20-01, Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi, India.
    • Handle: RePEc:ind:citdwp:20-01
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