Engines of growth: Education and innovation

Manfred Stadler

No 40, University of Tübingen Working Papers in Business and Economics from University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics

Abstract: The paper presents a dynamic general-equilibrium model of education, quality and variety innovation, and scale-invariant growth. We consider endogenous humancapital accumulation in an educational sector and quality and variety innovation in two separate R&D sectors. In the balanced growth equilibrium education and innovation appear as in-line engines of growth and government can accelerate growth by subsidizing education or by enhancing the effectiveness of the educational sector.

Keywords: education; quality and variety innovation; scale-invariant growth (search for similar items in EconPapers)
JEL-codes: O2 O3 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-cse, nep-dge, nep-edu, nep-fdg, nep-ino and nep-knm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Journal Article: Engines of Growth: Education and Innovation (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:tuewef:40

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