Dr Keshab Bhattarai K.R.Bhattarai@hull.ac.uk
Senior Lecturer in Economics
A surprising cross-country stylized fact is that higher public spending on education tends to lower the long-run growth rate of per capita GDP and the returns to schooling. This is contrary to the conventional wisdom that education is a major driver of growth. In this article, we revisit this issue and try to understand these puzzling facts in terms of an endogenous growth model. Our cross-country calibration of the growth model predicts that countries with a greater government involvement in education experience lower schooling efforts and lower growth.
Bhattarai, K., & Basu, P. (2012). Government bias in education, schooling attainment, and long-run growth. Southern Economic Journal, 79(1), 127-143. https://doi.org/10.4284/0038-4038-79.1.127
Journal Article Type | Article |
---|---|
Acceptance Date | Oct 1, 2011 |
Online Publication Date | Jul 1, 2012 |
Publication Date | Jul 1, 2012 |
Deposit Date | Nov 13, 2014 |
Journal | Southern Economic Journal |
Print ISSN | 0038-4038 |
Publisher | Wiley |
Peer Reviewed | Peer Reviewed |
Volume | 79 |
Issue | 1 |
Pages | 127-143 |
DOI | https://doi.org/10.4284/0038-4038-79.1.127 |
Keywords | Economics and Econometrics |
Public URL | https://hull-repository.worktribe.com/output/468246 |
Contract Date | Nov 13, 2014 |
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