Is Financial Openness bad for Education? A Political Economy Perspective on Development

François Bourguignon and Thierry Verdier

DELTA Working Papers from DELTA (Ecole normale supérieure)

Abstract: This paper presents a simple model of the links between education, democratization and economic development. In a context of imperfect capital markets, we investigate the incentives for a capitalist oligarchy to subsidize the education of poor workers and to initiate a political transition.

Keywords: INTERNATIONAL AFFAIRS; ECONOMIC DEVELOPMENT; GOVERNMENT (search for similar items in EconPapers)
JEL-codes: F2 H1 I2 O1 (search for similar items in EconPapers)
Pages: 16 pages
Date: 1999
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Published in European Economic Review, vol. 44, no. 4-6, pp. 891-903.

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Journal Article: Is financial openness bad for education? A political economy perspective on development (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:del:abcdef:1999-20

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