Educational loan and human capital accumulation in a small open economy

Megumi Mochida ()
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Megumi Mochida: Graduate School of Economics, Osaka University

Economics Bulletin, 2004, vol. 6, issue 16, 1-10

Abstract: Cartiglia (1997) shows that trade increases human capital investment in developing countries unless there are credit markets for individuals. In this paper, when households can borrow the education cost from a market, a trade-induced decrease in the skilled wage leads to less human capital investment in developing countries.

Keywords: Capital; market; imperfection (search for similar items in EconPapers)
JEL-codes: F4 O1 (search for similar items in EconPapers)
Date: 2004-10-12
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