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Optimal Public Investments in Education and Endogenous Growth

Optimal public investments in human capital through subsidizing private education or providing public education are considered in an endogenous growth model with externalities. Subsidizing private education stimulates growth, improves welfare, and has no distributional effect. While reducing... Full description

1st Person: Zhang, Jie
Source: in The Scandinavian journal of economics Vol. 98, No. 3 (1996), p. 387-404
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Type of Publication: Article
Language: English
Published: 1996
Keywords: research-article
Online: Volltext
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