Production and Consumption of Education in a R&d‐based Growth Model
Bibliographic Data
| ID | 10492315 |
|---|---|
| Authors | Juntip Boonprakaikawe (Chulalongkorn University, corresponding author), Frédéric Tournemaine (University of Nottingham) |
| Year | 2006 |
| Volume | 53 |
| Issue | 5 |
| Pages | 565-585 |
| Publication date | 2006-10-12 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Scottish Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0036-9292 • E-ISSN: 1467-9485 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1467-9485.2006.00395.x |
| OpenAlex | W1971988345 |
| Language | EN |
| Citations received | 4 |
| References cited | 26 |
We develop a R&D‐based growth model with endogenous accumulation of human capital. We investigate the idea that education is a good entering in the preferences of individuals. We seek to analyse how the decisions of individuals to invest in human capital can be altered by changes in economic policies and how they can be reflected on the level of growth in the long run. We show that policy changes affect growth through their effect on the decision of individuals to invest in human capital. The effects obtained depend whether individuals enjoy to acquire education or if they consider it as a ‘bad’. In the absence of any policy intervention, the level of growth can be excessive or insufficient compared with the optimum
Affect (linguistics · Capital (architecture · Consumption (sociology · Economic growth · Economics · Endogenous growth theory · Growth model · Human capital · Labour economics · Microeconomics · Production (economics · Economic Growth and Productivity · Economic theories and models · Fiscal Policy and Economic Growth · Psychology
Research, Patenting, and Technological Change
Quality Ladders in the Theory of Growth
Schooling and Economic Well-Being
On the mechanics of economic development
A Model of Growth Through Creative Destruction
Why can an environmental policy tax promote growth through the channel of education
R & D-Based Models of Economic Growth
Education
Endogenous Technological Change
Social Status, Education, and Growth
The Low-Skill, Low-Quality Trap
| Citations per year | 0.21 |
|---|---|
| Citation span | 2007 - 2016 (10) |
| Highly cited | No |