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Rendimientos sociales crecientes en la acumulación de capital humano y financiación pública de la educación

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  • Oliver Enrique PARDO REINOSO

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Abstract

Este trabajo pretende evaluar el impacto de la financiación pública de la educación sobre el crecimiento económico cuando la acumulación de capital humano exhibe rendimientos sociales crecientes. Con este fin, se desarrolla una extensión del modelo de Azariadis y Drazen (1990). La acumulación de capital humano de cada individuo se especifica como una función creciente del tiempo dedicado al estudio, el gasto en educación y el capital humano medio de la sociedad. Como resultado, la tasa de crecimiento de largo plazo es alta o baja dependiendo de la dotación inicial de factores de producción. En contraste con Azariadis y Drazen (1990), el modelo muestra que, aún si la dotación inicial de capital humano es alta, la tasa de crecimiento puede ser baja si el capital físico por unidad de eficiencia es lo suficientemente bajo. Bajo ciertas condiciones, la financiación pública de la educación puede ayudar a escapar de esta trampa de pobreza. Sin embargo, mientras más escasos sean los factores, mayor tiene que ser el nivel de financiación necesario para lograr esta meta. Si los factores son demasiado escasos puede que no exista un nivel que permita lograrlo.

Suggested Citation

  • Oliver Enrique PARDO REINOSO, 2007. "Rendimientos sociales crecientes en la acumulación de capital humano y financiación pública de la educación," Archivos de Economía 003455, Departamento Nacional de Planeación.
  • Handle: RePEc:col:000118:003455
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    References listed on IDEAS

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    1. Oliver Pardo, 2006. "Acumulación de capital humano y gasto público en educación: un modelo de generaciones traslapadas para Colombia," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 24(52), pages 12-47, December.
    2. Boldrin, Michele, 2005. "Public education and capital accumulation," Research in Economics, Elsevier, vol. 59(2), pages 85-109, June.
    3. Rauch James E., 1993. "Productivity Gains from Geographic Concentration of Human Capital: Evidence from the Cities," Journal of Urban Economics, Elsevier, vol. 34(3), pages 380-400, November.
    4. de la Croix,David & Michel,Philippe, 2002. "A Theory of Economic Growth," Cambridge Books, Cambridge University Press, number 9780521001151, December.
    5. Yoram Ben-Porath, 1967. "The Production of Human Capital and the Life Cycle of Earnings," Journal of Political Economy, University of Chicago Press, vol. 75, pages 352-352.
    6. Soares, Jorge, 2003. "Self-interest and public funding of education," Journal of Public Economics, Elsevier, vol. 87(3-4), pages 703-727, March.
    7. Glomm, Gerhard & Ravikumar, B, 1992. "Public versus Private Investment in Human Capital Endogenous Growth and Income Inequality," Journal of Political Economy, University of Chicago Press, vol. 100(4), pages 818-834, August.
    8. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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    More about this item

    Keywords

    Capital humano; rendimientos sociales crecientes; crecimiento endógeno; financiación;

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy

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