Public education, technological change and economic prosperity

Klaus Prettner

No 149, University of Göttingen Working Papers in Economics from University of Goettingen, Department of Economics

Abstract: We introduce publicly funded education in R&D-based economic growth theory. The framework allows us to i) incorporate a realistic process of human capital accumulation for industrialized countries, ii) reconcile R&D-based growth theory with the empirical evidence on the relationship between economic prosperity and population growth, iii) revise the policy invariance result of semi-endogenous growth frameworks, and iv) show that the transitional effects of an education reform tend to be qualitatively different from its long-run impact.

Keywords: human capital accumulation; technological progress; scale-free economic growth; public education policy (search for similar items in EconPapers)
JEL-codes: I25 J24 O11 O31 O41 (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-dge, nep-edu and nep-fdg
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:cegedp:149

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