Economic Integration and Growth under Intergenerational Financing of Human Capital Formation

Philippe Michel and J.-P. Vidal.

Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge

Abstract: This paper examines the patterns of economic integration and endogenous growth in a two-country overlapping generations world in which the formation of human capital is driven by intergenerational paternalistic altruism. It explores the influence of cross-border external effects in human capital on growth. Interestingly, world integration can enhance (reduce) long-run growth in both countries if cross-border external effects in human capital are strong enough (too weak).

Date: 1998
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Related works:
Journal Article: Economic integration and growth under intergenerational financing of human-capital formation (2000)
Working Paper: Economic Integration and Growth under Intergenerational Financing of Human Capital Formation (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:cam:camdae:9809

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