Training Subsidies, Technical Progress and Economic Growth

Monojit Chatterji

The Manchester School of Economic & Social Studies, 1995, vol. 63, issue 3, 274-82

Abstract: This paper examines the conditions under which subsidization of skill production is a desirable policy. In the context of an endogenous growth model, it is shown that such a policy is justifiable if skills are acquired more easily in an environment where the existing level of skill is already high. It is further shown that the optimal training subsidy cannot be determined independently of other sources of technical progress. Copyright 1995 by Blackwell Publishers Ltd and The Victoria University of Manchester

Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:bla:manch2:v:63:y:1995:i:3:p:274-82

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