EDUCATION, INNOVATION AND LONG-RUN GROWTH

被引：2

作者：

Hori, Katsuhiko ^{[1
]}

Yamada, Katsunori ^{[2
]}

机构：

[1] Tezukayama Gakuin Univ, Nara, Japan

[2] Osaka Univ, Suita, Osaka 565, Japan

来源：

JAPANESE ECONOMIC REVIEW | 2013年 / 64卷 / 03期

关键词：

RESEARCH-AND-DEVELOPMENT; ECONOMIC-GROWTH; ENDOGENOUS GROWTH; DEVELOPMENT SUBSIDIES; CAPITAL ACCUMULATION; POPULATION; MODELS;

D O I：

10.1111/j.1468-5876.2012.00588.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We extend a second-generation Schumpeterian growth model to incorporate human capital accumulation to clarify the general equilibrium effects of subsidy policies on human capital accumulation and R&D activities in a unified framework. Despite the conventional argument that subsidies always stimulate these growth-promoting activities, we find that subsidies asymmetrically affect human capital accumulation and R&D activities. Our theoretical results suggest that research using standard models of human capital might find false negative relationships between education subsidies and economic growth.

引用

页码：295 / 318

页数：24

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