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Learning-by-Doing and Schooling

Author

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  • Roberto Ellery Jr

    (CGFP/IPEA)

Abstract

The paper aims to analyze the optimal level of schooling in the presence of learning-by-doing. To achieve this objective the paper introduces the learning-by-doing hypothesis on the Lucas model of economic growth induced by human capital accumulation. With the new setup, it is possible to show that the optimal time at school's will decrease while the human capital' growth rate remains the same. Moreover, the paper provides a theoretical foundation to the claims that government should concentrate education's subsides at the basic school rather than at college education.

Suggested Citation

  • Roberto Ellery Jr, 1999. "Learning-by-Doing and Schooling," HEW 9904001, EconWPA.
  • Handle: RePEc:wpa:wuwphe:9904001
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    References listed on IDEAS

    as
    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Parente Stephen L., 1994. "Technology Adoption, Learning-by-Doing, and Economic Growth," Journal of Economic Theory, Elsevier, vol. 63(2), pages 346-369, August.
    3. H. Uzawa, 1963. "On a Two-Sector Model of Economic Growth II," Review of Economic Studies, Oxford University Press, vol. 30(2), pages 105-118.
    4. Tjalling C. Koopmans, 1963. "On the Concept of Optimal Economic Growth," Cowles Foundation Discussion Papers 163, Cowles Foundation for Research in Economics, Yale University.
    5. Lucas, Robert E, Jr, 1990. "Why Doesn't Capital Flow from Rich to Poor Countries?," American Economic Review, American Economic Association, vol. 80(2), pages 92-96, May.
    6. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 70(1), pages 65-94.
    7. Hirofumi Uzawa, 1961. "On a Two-Sector Model of Economic Growth," Review of Economic Studies, Oxford University Press, vol. 29(1), pages 40-47.
    8. Kenneth J. Arrow, 1962. "The Economic Implications of Learning by Doing," Review of Economic Studies, Oxford University Press, vol. 29(3), pages 155-173.
    9. David Cass, 1965. "Optimum Growth in an Aggregative Model of Capital Accumulation," Review of Economic Studies, Oxford University Press, vol. 32(3), pages 233-240.
    10. Boyan Jovanovic, 1995. "Learning and Growth," NBER Working Papers 5383, National Bureau of Economic Research, Inc.
    11. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    learning-by-doing; education; human capital and growth;

    JEL classification:

    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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