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dc.contributor.authorBougheas, Spiros P.en
dc.contributor.authorKneller, Richard Anthonyen
dc.contributor.authorRiezman, Raymonden
dc.date.accessioned2009-06-29-
dc.date.accessioned2010-05-14T08:23:22Z-
dc.date.available2010-05-14T08:23:22Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2631en
dc.subject.jelF11en
dc.subject.jelO15en
dc.subject.ddc330en
dc.subject.keywordpatterns of tradeen
dc.subject.keywordeducation policyen
dc.subject.keywordwelfareen
dc.subject.stwBildungspolitiken
dc.subject.stwBildungsinvestitionen
dc.subject.stwKomparativer Kostenvorteilen
dc.subject.stwAußenhandelsstrukturen
dc.subject.stwWohlfahrtseffekten
dc.subject.stwTheorieen
dc.titleOptimal education policies and comparative advantage-
dc.typeWorking Paperen
dc.identifier.ppn603307930en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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