We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
TIME ALLOCATION TO EDUCATION, HUMAN CAPITAL ACCUMULATION AND ECONOMIC DEVELOPMENT.
- Authors
Kei Murata
- Abstract
This paper analyzes the interaction between time allocation to education and economic development by extending Galor and Moav's (2004) overlapping-generations model that captures the replacement of physical capital accumulation by human capital accumulation. Galor and Moav (2004) assumed that human capital is accumulated sorely through expenditure on education which is financed by the transfer from parent. This study agrees that human capital accrues through not only expenditure on education but also time allocation to education depending on Lucas (1988), Glomm and Ravikumar (1992). This study analyzes the effect of education policy to increase the time allocated to education on economic growth. We point out that there is no assurance that this policy stimulates economic growth in mature stage of development.
- Subjects
HUMAN capital; ECONOMIC development research; ECONOMIC policy; EDUCATIONAL finance; PARENT participation in education
- Publication
Global Business & Economics Anthology, 2013, Vol 2, p237
- ISSN
1553-1392
- Publication type
Article