Education in endogenous growth models.pdf

Education in endogenous growth models

Joao Manuel Lucas Dos Santos Medeiros

This PhD thesis consists of four papers, whose major aim is to analyse the role of education in an endogenous growth setting. The theoretical framework uses computable OLG models, where the behaviour of individuals is modelled within a lifecycle framework. Firstly, in order to build computable general equilibrium models that are reliable for policy analysis, it is necessary to reproduce all major stylised facts that characterise lifecycle profiles, notably : i) the marked decline in consumption around retirement age

Economic Growth Determinants And Models | … The second approach is the endogenous growth model inspired by Gary Becker’s human capital theory (1964) which directly links human capital to economic growth. The basic idea behind Becker’s view is that growth is driven by human capital accumulation. Nobel laureate Robert Lucas presented an endogenous growth model in which the engine of growth is the human capital. He added “

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Education in endogenous growth models.pdf


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Notes actuelles

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Publicly Financed Education in an Endogenous … Downloadable! This paper constructs an endogenous growth model, applicable largely to developing countries, based on human capital accumulation in which education is publicly provided and financed, and schooling is compulsory. Public investment in human and physical capital are financed from taxes on wage and capital income, and consumption.