Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/70199
Authors: 
Prettner, Klaus
Year of Publication: 
2013
Series/Report no.: 
Discussion Papers, Center for European Governance and Economic Development Research 149
Abstract: 
We introduce publicly funded education in R&D-based economic growth theory. The framework allows us to i) incorporate a realistic process of human capital accumulation for industrialized countries, ii) reconcile R&D-based growth theory with the empirical evidence on the relationship between economic prosperity and population growth, iii) revise the policy invariance result of semi-endogenous growth frameworks, and iv) show that the transitional effects of an education reform tend to be qualitatively different from its long-run impact.
Subjects: 
human capital accumulation
technological progress
scale-free economic growth
public education policy
JEL: 
I25
J24
O11
O31
O41
Document Type: 
Working Paper

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