Human Capital, Endogenous Growth, and Government Policy
Title | Human Capital, Endogenous Growth, and Government Policy PDF eBook |
Author | Martin Husz |
Publisher | Peter Lang Publishing |
Pages | 148 |
Release | 1998 |
Genre | Business & Economics |
ISBN |
Dynamic Fiscal Policy with Endogenous Human Capital
Title | Dynamic Fiscal Policy with Endogenous Human Capital PDF eBook |
Author | Wayne Robert Hickenbottom |
Publisher | |
Pages | 340 |
Release | 1992 |
Genre | |
ISBN |
Human Capital Flight
Title | Human Capital Flight PDF eBook |
Author | International Monetary Fund |
Publisher | International Monetary Fund |
Pages | 40 |
Release | 1994-12-01 |
Genre | Business & Economics |
ISBN | 1451921330 |
This paper analyses the impact of government tax and subsidy policy on immigration of human capital and the effect of such immigration on growth and incomes. In the context of a two-country endogenous growth model with heterogeneous agents and human capital accumulation, we argue that human capital flight or “brain drain” arising out of wage differentials, say because of differences in income tax rates or technology, can bring about a reduction in the steady state growth rate of the country of emigration. Additionally, permanent difference in the growth rates as well as incomes between the two countries can occur making convergence unlikely. While in a closed economy, tax-financed increases in subsidy to education can have a positive effect on growth, such a policy can have a negative effect on growth when human capital flight is taking place. Since subsidizing higher education is more likely to induce substantial brain drain, it is likely to be inferior to subsidy to lower levels of education if growth is to be increased.
Population Ageing and Economic Growth
Title | Population Ageing and Economic Growth PDF eBook |
Author | Sandra Gruescu |
Publisher | Springer Science & Business Media |
Pages | 206 |
Release | 2007-05-26 |
Genre | Business & Economics |
ISBN | 3790819069 |
This book reviews standard economic growth models concentrating on the relationship between population ageing and economic growth and develops a growth model with endogenous human capital and endogenous fertility. This model is used to analyse the effects of education policy and family policy on economic growth. The author presents results both for economic policy, and for economic growth theory.
Human Capital and Public Policy in an Endogenously Growing Economy with Externalities
Title | Human Capital and Public Policy in an Endogenously Growing Economy with Externalities PDF eBook |
Author | Manachaya Uruyos |
Publisher | |
Pages | 202 |
Release | 2003 |
Genre | Economic development |
ISBN |
FDI, Regionalism, Government Policy and Endogenous Growth
Title | FDI, Regionalism, Government Policy and Endogenous Growth PDF eBook |
Author | Anthony Bende-Nabende |
Publisher | Routledge |
Pages | 285 |
Release | 2018-08-20 |
Genre | Political Science |
ISBN | 0429861362 |
Published in 1999, this text investigates whether FDI caused spill over effects which have led to the economic growth of the ASEAN-5 economies, and if that it so, whether the ASEAN Preferential Trade Agreement (APTA) had a significant effect in attracting FDI to the region. It takes into account the different levels of economic development of the countries under analysis. The results from the structural (static) model suggest that FDI has stimulated economic growth through the human factors followed by technology transfer, international trade, and learning by doing, and that the formation of APTA had a lagged influence on FDI inflows into the advantage of the more developed member countries and the disadvantage of the less developed countries. Those from the multiplier (dynamic) effects analysis demonstrate that whereas the impact is immediate in the more developed, politically stable and foreign investment friendly economies, there is a time lag in those economies which are less developed and more hostile to FDI. The analysis presents an empirical comparison of how the level of economic development affects the interaction of FDI, regionalism and economic growth.
Private Investment and Endogenous Growth
Title | Private Investment and Endogenous Growth PDF eBook |
Author | Mr.Dhaneshwar Ghura |
Publisher | International Monetary Fund |
Pages | 32 |
Release | 1997-12-01 |
Genre | Business & Economics |
ISBN | 1451980000 |
This paper investigates empirically the factors that have influenced economic growth in Cameroon during 1963-96. The results, which support the endogenous-growth-type model, indicate that (1) the aggregate production function exhibits increasing returns to scale; (2) the impact of increases in private investment on growth is large, significant, and robust; (3) increases in government investment have a positive impact on growth; (4) human capital development plays an important role in output expansion; (5) positive externalities are generated by physical and human capital accumulation; and (6) growth is boosted by economic policies that foster external competitiveness and a prudent fiscal stance.