Online education and the Great Convergence

Shuhei Wada

MPRA Paper from University Library of Munich, Germany

Abstract: In this study, we extended Acemoglu et al. (2014) in the following two ways. First, we used a constant elasticity of substitution human capital production function to show that in the short run, Internet technologies such as online education are likely to be advantageous for middle-income countries. Second, to examine whether one country voluntarily supplies online education to other countries, we changed the static model to a dynamic model. We found that despite it being a public good, developed countries voluntarily supply online education to developing countries. This is because when online education is provided, the level of human capital is higher in both transitional dynamics and the steady state than otherwise.

Keywords: Human Capital; Online Education; Leapfrogging; Limit Cycle (search for similar items in EconPapers)
JEL-codes: F63 H41 I24 I25 (search for similar items in EconPapers)
Date: 2021-07-23
New Economics Papers: this item is included in nep-ict
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