Implications of Quality of Schooling on Economic Growth and Convergence– A System Dynamics Perspective

Meeta Mehra () and Swati Saini ()
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Swati Saini: Jawaharlal Nehru University

Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi Discussion Papers from Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi, India

Abstract: This paper formulates a growth model to study the interlinkages among quality of schooling, human capital and technical progress of a stylized developing economy such as India. The simulation results reveal that under the technology regimes of innovation and imitation, the quality of schooling triggers a child quantity-quality trade-off wherein parents invest in educating their children and bear lesser number of children when schooling quality exceeds an endogenously determined threshold. Consequently, the stylized economy reaches a self-sustaining growth path under both the regimes by investing in human capital of the young generation in the long-run.

Pages: 38 pages
New Economics Papers: this item is included in nep-gro
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Journal Article: Implications of Quality of Schooling on Economic Growth and Convergence – A System Dynamics Perspective (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:ind:citdwp:20-01

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