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dc.contributor.authorBougheas, Spiros P.en_US
dc.contributor.authorKneller, Richard Anthonyen_US
dc.contributor.authorRiezman, Raymonden_US
dc.date.accessioned2009-06-29en_US
dc.date.accessioned2010-05-14T08:23:22Z-
dc.date.available2010-05-14T08:23:22Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/30625-
dc.description.abstractWe consider the optimal education policies of a small economy whose government has a limited budget. Initially, the economy is closed and the government chooses its education policy to maximize welfare under autarky. Then the economy trades with the rest of the world. Lastly, the government chooses a new education policy that maximizes welfare under trade. Is it ever optimal for the government to choose its new policy so that it reverses the economy's comparative advantage? We find that if the budget stays fixed when it is optimal to 'move up the skills chain' it is not feasible. In such a case a foreign loan is welfare improving. A move in the opposite direction can be optimal and when it is optimal it is also feasible.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2631en_US
dc.subject.jelF11en_US
dc.subject.jelO15en_US
dc.subject.ddc330en_US
dc.subject.keywordpatterns of tradeen_US
dc.subject.keywordeducation policyen_US
dc.subject.keywordwelfareen_US
dc.subject.stwBildungspolitiken_US
dc.subject.stwBildungsinvestitionen_US
dc.subject.stwKomparativer Kostenvorteilen_US
dc.subject.stwAußenhandelsstrukturen_US
dc.subject.stwWohlfahrtseffekten_US
dc.subject.stwTheorieen_US
dc.titleOptimal education policies and comparative advantageen_US
dc.typeWorking Paperen_US
dc.identifier.ppn603307930en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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