Education funding and regional convergence

Philippe Monfort () and David de la Croix
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Philippe Monfort: IRES, Université catholique de Louvain, Place Montesquieu 3, B-1348 Louvain-la-Neuve, Belgium

Journal of Population Economics, 2000, vol. 13, issue 3, 403-424

Abstract: The aim of this paper is to discuss the process of regional convergence within the framework of an overlapping generations model in which the engine of growth is the accumulation of human capital. In particular, we consider different education funding systems and compare their performance in terms of growth rates and pace of convergence between two heterogeneous regions. The analysis suggests that the choice of a particular education system incorporates a possible trade-off between long run growth rate and short run convergence. In such choice, the initial capital stock and the extent of regional human capital discrepancy appear as central variables.

Keywords: Altruism; ·; education; ·; growth; ·; convergence; ·; capital; mobility (search for similar items in EconPapers)
JEL-codes: F22 O41 (search for similar items in EconPapers)
Date: 2000-09-11
Note: Received: 27 January 1999/Accepted: 16 April 1999
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Citations: View citations in EconPapers (13)

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Working Paper: Education Funding and Regional Convergence (1999)
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