General equilibrium models on skill acquisition and economic development: some comments
Deme 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.
|Date of creation:||22 Nov 2010|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://mpra.ub.uni-muenchen.de
More information through EDIRC
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.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:26912. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht)
If references are entirely missing, you can add them using this form.