On the role of productive government spendings for convergence of a growing economy with heterogenous specialists

Ingrid Ott and Susanne Soretz

No 5, Working Paper Series in Economics from Karlsruhe Institute of Technology (KIT), Department of Economics and Management

Abstract: This paper employs a dynamic framework to compare the effects of alternative government activities on convergence of industrialized economies to the technology frontier. The government's Instruments include facilitating private investment and education policy. The latter enhances skills of heterogenous specialists and imply the decision on their respective shares. The analysis distinguishes between an isolated policy of a single economy and coordinated policies of various countries. Which policy maximizes the speed of convergence is crucially affected by the economy's state of development. A policy switch between the mentioned instruments while catching-up may be preferable.

Keywords: Education policy; amount and structure of public expenditure; highlyskilled specialists (search for similar items in EconPapers)
JEL-codes: J24 L26 O31 O33 O38 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:kitwps:5

DOI: 10.5445/IR/1000019774

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