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Human Capital Productivity, Endogenous Growth, And Welfare: The Role Of Uncertainty

Author

Listed:
  • Mbaye Diene

    (CRES - Consortium pour la Recherche Economique et Sociale - UCAD - Université Cheikh Anta Diop de Dakar [Sénégal])

  • Bity Diene

    (CERDI - Centre d'Études et de Recherches sur le Développement International - UCA [2017-2020] - Université Clermont Auvergne [2017-2020] - CNRS - Centre National de la Recherche Scientifique)

  • Théophile Azomahou

    (CERDI - Centre d'Études et de Recherches sur le Développement International - UCA [2017-2020] - Université Clermont Auvergne [2017-2020] - CNRS - Centre National de la Recherche Scientifique)

Abstract

Several policies or interventions have been implemented in developing countries with the ultimate goal of improving educational outcomes and human capital. Although many empirical studies have pointed to mixed results of these interventions, the role of uncertainty arising from the state of nature about the educational environment and household characteristics in the efficiency of these interventions still lacks an economic mechanism. This paper aims at developing a theoretical framework that links policy interventions to educational outcomes.We characterize optimal policies and determine the conditions for enhancing social welfare.

Suggested Citation

  • Mbaye Diene & Bity Diene & Théophile Azomahou, 2016. "Human Capital Productivity, Endogenous Growth, And Welfare: The Role Of Uncertainty," Post-Print hal-01687413, HAL.
    • Handle: RePEc:hal:journl:hal-01687413
    DOI: 10.1017/S1365100515000309
    as

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