EconPapers    
Economics at your fingertips  
 

Human capital investment and growth: A dynamic education model

Mohamed Ben Mimoun () and Raies Asma ()

MPRA Paper from University Library of Munich, Germany

Abstract: The paper aims to explicitly determine the distribution of human capital across hierarchic educational stages along the transition process, and to analyse the determinants of its evolution. We apply optimal control principles in a model of endogenous growth with two successive stages of education. We show that with initial relative scarcity of advanced human capital, the duration of studies at the advanced level should increase until reaching its equilibrium level. We also find that, by raising the duration of studies at the advanced schooling level, improvements in the quality of education at this level also enhances the economy’s growth rate, both in the transition and in the long-run.

Keywords: Human capital investment; growth; a dynamic model (search for similar items in EconPapers)
JEL-codes: H52 J24 O40 (search for similar items in EconPapers)
Date: 2008
New Economics Papers: this item is included in nep-dge, nep-edu and nep-hrm
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Published in Journal of Business Affairs Issue 1.Volume(2008): pp. 1-22

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/9374/1/MPRA_paper_9374.pdf original version (application/pdf)

Related works:
Working Paper: Human Capital Investment and Growth: A Dynamic Education Model (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:9374

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

 
Page updated 2021-10-17
Handle: RePEc:pra:mprapa:9374