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Education financing and growth using an overlapping generations model: A theoretical perspective
Author(s) -
Zambaa Ayed,
Hassen Ben
Publication year - 2013
Publication title -
economic annals
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.148
H-Index - 12
eISSN - 1820-7375
pISSN - 0013-3264
DOI - 10.2298/eka1397007z
Subject(s) - perspective (graphical) , overlapping generations model , extension (predicate logic) , economics , growth model , public economics , public education , public expenditure , public finance , economic system , finance , economic growth , microeconomics , macroeconomics , computer science , artificial intelligence , programming language
This paper proposes an overlapping generations model along the lines of the papers by Glomm and Ravikumar (1997). Its aim is to provide a theoretical extension in which we establish, in an original framework, a comparison of public and private educational financing systems in terms of economic growth. The results provide a critique of the literature that suggests that private expenditure will inevitably lead to greater economic growth than a policy of public education

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