Education funding and regional convergence |
| |
Authors: | David de la Croix Philippe Monfort |
| |
Institution: | (1) National Fund for Scientific Research and IRES, Université catholique de Louvain, Place Montesquieu 3, B-1348 Louvain-la-Neuve, Belgium (Fax: +32-10-473945; e-mail: delacroix@ires.ucl.ac.be), BE;(2) IRES, Université catholique de Louvain, Place Montesquieu 3, B-1348 Louvain-la-Neuve, Belgium (Fax: +32-10-473945; e-mail: monfort@ires.ucl.ac.be), BE |
| |
Abstract: | The aim of this paper is to discuss the process of regional convergence within the framework of an overlapping generations
model in which the engine of growth is the accumulation of human capital. In particular, we consider different education funding
systems and compare their performance in terms of growth rates and pace of convergence between two heterogeneous regions.
The analysis suggests that the choice of a particular education system incorporates a possible trade-off between long run
growth rate and short run convergence. In such choice, the initial capital stock and the extent of regional human capital
discrepancy appear as central variables.
Received: 27 January 1999/Accepted: 16 April 1999 |
| |
Keywords: | JEL classification: O41 F22 |
本文献已被 SpringerLink 等数据库收录! |
|