INFRASTRUCTURE, PUBLIC EDUCATION AND GROWTH WITH CONGESTION COSTS

Pierre-Richard Agénor

Bulletin of Economic Research, 2012, vol. 64, issue 4, 449-469

Abstract: type="main" xml:lang="en">

This paper studies the implications of education quality for the optimal allocation of public expenditure in a simple endogenous growth model with mandatory schooling and infrastructure spillovers. Education quality is inversely related to the degree of congestion in schools, which is itself measured in two ways: the proportions of teachers and students in the population, and the ratio of government spending on education to teaching capacity. The balanced-growth path is derived and the transitional dynamics associated with an increase in the degree of congestion are analysed. The growth-maximizing share of government spending on education is shown to depend negatively on the congestion parameter. Policy implications for the ‘quantity versus quality’ debate in schooling are also discussed.

Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://hdl.handle.net/10.1111/j.1467-8586.2011.00395.x (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Infrastructure, Public Education and Growth with Congestion Costs (2005)
Working Paper: Infrastructure, Public Education and Growth with Congestion Costs (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:buecrs:v:64:y:2012:i:4:p:449-469

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0307-3378

Access Statistics for this article

More articles in Bulletin of Economic Research from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().