Education Funding and Regional Convergence

David de la Croix and Philippe Monfort
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Philippe Monfort: UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES)

No 1999010, LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

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)
Pages: 20
Date: 1999-03-01
New Economics Papers: this item is included in nep-dev and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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http://sites.uclouvain.be/econ/DP/IRES/9910.pdf (application/pdf)

Related works:
Journal Article: Education funding and regional convergence (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:1999010

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