Engines of growth: Education and innovation
AbstractThe paper presents a dynamic general-equilibrium model of education, quality and variety innovation, and scale-invariant growth. We consider endogenous humancapital accumulation in an educational sector and quality and variety innovation in two separate R&D sectors. In the balanced growth equilibrium education and innovation appear as in-line engines of growth and government can accelerate growth by subsidizing education or by enhancing the effectiveness of the educational sector. --
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Bibliographic InfoPaper provided by University of Tuebingen, Faculty of Economics and Social Sciences in its series University of Tuebingen Working Papers in Economics and Finance with number 40.
Date of creation: 2012
Date of revision:
education; quality and variety innovation; scale-invariant growth;
Find related papers by JEL classification:
- O2 - Economic Development, Technological Change, and Growth - - Development Planning and Policy
- O3 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-07-23 (All new papers)
- NEP-CSE-2012-07-23 (Economics of Strategic Management)
- NEP-DGE-2012-07-23 (Dynamic General Equilibrium)
- NEP-EDU-2012-07-23 (Education)
- NEP-FDG-2012-07-23 (Financial Development & Growth)
- NEP-INO-2012-07-23 (Innovation)
- NEP-KNM-2012-07-23 (Knowledge Management & Knowledge Economy)
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