EDUCATION FINANCING AND GROWTH USING AN OVERLAPPING GENERATIONS MODEL: A THEORETICAL PERSPECTIVE

Alleiddine Ayed Zambaa and Lobna Ben Hassen

Economic Annals, 2013, vol. 58, issue 197, 7-22

Abstract: 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.

Keywords: Educational finance; economic growth; overlapping generations (search for similar items in EconPapers)
JEL-codes: I22 O47 (search for similar items in EconPapers)
Date: 2013
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