Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/40250
Authors: 
Ott, Ingrid
Soretz, Susanne
Year of Publication: 
2010
Series/Report no.: 
Working Paper Series in Economics 5
Abstract: 
This paper employs a dynamic framework to compare the effects of alternative government activities on convergence of industrialized economies to the technology frontier. The government's Instruments include facilitating private investment and education policy. The latter enhances skills of heterogenous specialists and imply the decision on their respective shares. The analysis distinguishes between an isolated policy of a single economy and coordinated policies of various countries. Which policy maximizes the speed of convergence is crucially affected by the economy's state of development. A policy switch between the mentioned instruments while catching-up may be preferable.
Subjects: 
Education policy
amount and structure of public expenditure
highlyskilled specialists
JEL: 
O31
O33
O38
J24
L26
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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