General equilibrium models on skill acquisition and economic development: some comments
AbstractDeme et al. (2005, DFN) present a general equilibrium model for the case of Lesotho with a rising step skill acquisition function. DFN show that only a large amount of government expenditure on education, training and skill acquisition can pull the economy out of its inertia. As a comment on DFN, Bandopadhyay (2006) develops a similar general equilibrium model and analyzes the impact of government expenditure on skill acquisition. He finds that the outcome on the economy is independent of the amount of the government spending. By comparing the two models I show, that Bandopadhyay's findings replicate one aspect of the findings of DFN and do not add additional insight to the discussion.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 26912.
Date of creation: 22 Nov 2010
Date of revision:
skill acquisition; economic development; general equilibrium; human capital;
Find related papers by JEL classification:
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- I28 - Health, Education, and Welfare - - Education - - - Government Policy
- H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-12-04 (All new papers)
- NEP-DEV-2010-12-04 (Development)
- NEP-HRM-2010-12-04 (Human Capital & Human Resource Management)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bandopadhyay, Titas Kumar, 2006. "Skill acquisition and economic development — some comments," MPRA Paper 1759, University Library of Munich, Germany.
- Mamit Deme & David Franck & Nadeem Naqvi, 2005. "A General Equilibrium Skill Acquisitions Model Of Development For Lesotho," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 30(1), pages 15-29, June.
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