Croissance et formation : le rôle de la politique éducative
Growth and Training: The Role of Education Policies, by Eve Caroli. This paper proposes a preliminary approach to the relation between growth and training policies. We use an extended version of the 1988 R. Lucas model, which was one of the first attempts at making human capital endogenous in a growth model. Our hypothesis is that the productivity of average per-capita training time - in terms of human capital growth rates - is not independent of the characteristics of the education system. We posit that it is an increasing, yet saturating, function of the training rate, which here is the exogenous variable in the education policy. Correlatively, the production function expression takes account of the fact that trainers represent so many staff less in the final production sector. The solving of the model shows that the economy's growth rate is an increasing and then decreasing function of the training rate all the way down the balanced growth path. This means that beyond a certain threshold, the increase in the training rate is counterproductive for growth. There thus exists an optimal training policy. This policy varies with the efficiency of the teachers. It is concluded that the lower the quality of the training staff and/or the poorer the teaching conditions, the lower the maximum growth rate able to be attained by the economy.
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|Date of creation:||1994|
|Date of revision:|
|Publication status:||Published in Economie et Prévision, 1994, Vol. 116. pp. 49-61.Length: 12 pages|
|Contact details of provider:|| Web page: http://www.dauphine.fr/en/welcome.html|
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- Hanushek, Eric A, 1986. "The Economics of Schooling: Production and Efficiency in Public Schools," Journal of Economic Literature, American Economic Association, vol. 24(3), pages 1141-77, September.
- Mankiw, N Gregory & Romer, David & Weil, David N, 1992.
"A Contribution to the Empirics of Economic Growth,"
The Quarterly Journal of Economics,
MIT Press, vol. 107(2), pages 407-37, May.
- Sergio Rebelo, 1999.
"Long Run Policy Analysis and Long Run Growth,"
Levine's Working Paper Archive
2114, David K. Levine.
- Card, David & Krueger, Alan B, 1992.
"Does School Quality Matter? Returns to Education and the Characteristics of Public Schools in the United States,"
Journal of Political Economy,
University of Chicago Press, vol. 100(1), pages 1-40, February.
- David Card & Alan Krueger, 1990. "Does School Quality Matter? Returns to Education and the Characteristics of Public Schools in the United States," NBER Working Papers 3358, National Bureau of Economic Research, Inc.
- David Card & Alan Krueger, 1990. "Does School Quality Matter? Returns to Education and the Characteristics of Public Schools in the United States," Working Papers 645, Princeton University, Department of Economics, Industrial Relations Section..
- 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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