The supply of human capital in the economy's production activities is a function of the quality and volume of education … services provided at the secondary and tertiary levels in the education system. Hence, the allocation of resources by … government to education is an important determinant of human capital formation. Depending on its level-specific variations, a …

In this paper, a modification is made to the endogenous growth model studied by Lucas [1988]. It is shown that if … equilibrium growth rate. Consumption taxation may increase the growth rate. If there is an externality in production of human … capital, then it may be optimal to impose a capital tax, as opposed to a subsidy, to achieve the optimal growth rate. This may …

growth and dynamic efficiency, especially when credit markets for education loans are missing. We demonstrate conditions …Parental transfers towards the education of children are non-trivial, especially in countries, characterized by both … imperfect credit markets and high economic growth rates. In this paper, we analyze the role of parental altruism on economic …

growth and dynamic efficiency, especially when credit markets for education loans are missing. We demonstrate conditions …Parental transfers towards the education of children are non-trivial, especially in countries, characterized by both … imperfect credit markets and high economic growth rates. In this paper, we analyze the role of parental altruism on economic …

This study articulates the interaction between institutional governance, education and economic growth. Given the … analyze the main mechanisms by which the macroeconomic impact of education on growth (and economic development) occurs. Our … current pursuit of education policy reforms and knowledge economy around the world, it is of policy relevance to theoretically …

running from social conditions and factors to productivity growth. <p> The objective of the second issue of the Review of … between population, education, health and social divergence and productivity. In the fourth section, three papers address the …

concerned with productivity and competitiveness issues. Not surprisingly, formal education is the preferred and most … achieved through a better understanding of the relationship between the skills developed through formal education and their … points out, "the issue is not whether education has benefits but, rather, the magnitude of its 'true' benefits, the benefits …

predict stagnation (Meade, 1961). We use growth accounting to analyze the sources of past growth and project potential ranges … of growth through 2033. Growth averaged 4½ percent over the past 20 years. Our baseline suggests future growth rates … around 3¼ percent, but growth could reach 4-5 percent with strong pro-active policies including (i) improving investment and …