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Matching up the data on education with economic growth models
(1999)
Documento de trabajo / Lan gaiak,
The growth literature has not yet established how data on education should be introduced in theories involving human capital. Early work used enrolment rates as a proxy of human capital whereas more recently it has utilized ...
A further generalization of the Solow growth model: the role of the public sector
(1999)
Documento de trabajo / Lan gaiak,
We develop in this paper an augmented version of the Solow (1956) growth model, including the role of government. The model leads to a non-monotonic relationship between the rate of growth of per capita output and government ...