INFRASTRUCTURE, PUBLIC EDUCATION AND GROWTH WITH CONGESTION COSTS
INFRASTRUCTURE, PUBLIC EDUCATION AND GROWTH WITH CONGESTION COSTS
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DOI:
10.1111/j.1467-8586.2011.00395.x
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发表时间:
2012-10-01
影响因子:
0.8
通讯作者:
Agenor, Pierre-Richard
中科院分区:
文献类型:
--
作者:
Agenor, Pierre-Richard
This paper studies the implications of education quality for the optimal allocation of public expenditure in a simple endogenous growth model with mandatory schooling and infrastructure spillovers. Education quality is inversely related to the degree of congestion in schools, which is itself measured in two ways: the proportions of teachers and students in the population, and the ratio of government spending on education to teaching capacity. The balanced-growth path is derived and the transitional dynamics associated with an increase in the degree of congestion are analysed. The growth-maximizing share of government spending on education is shown to depend negatively on the congestion parameter. Policy implications for the 'quantity versus quality' debate in schooling are also discussed.