Government bias in education, schooling attainment and growth

Parantap Basu and Keshab Bhattarai

MPRA Paper from University Library of Munich, Germany

Abstract: A surprising cross country stylized fact is that a higher public spending on education tends to lower the long run per capita growth rate and schooling returns. This is contrary to the conventional wisdom that education is a major driver of growth. In this paper, we revisit this issue and try to understand these puzzling facts in terms of an endogenous growth model. Our cross country calibration of the growth model predicts that countries with a greater government involvement in education experience lower schooling efforts and lower growth.

Keywords: endogenous growth; public spending on education (search for similar items in EconPapers)
JEL-codes: E62 N10 (search for similar items in EconPapers)
Date: 2011-03-02
New Economics Papers: this item is included in nep-dge, nep-edu, nep-lab and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:31791

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