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• W2135666443 abstract "This paper studies the allocation of public spending between education services and infrastructure investment in an endogenous growth model of a developing economy where public capital in infrastructure affects human capital accumulation. The balanced growth path is derived and the possibility of local indeterminacy is discussed. Dynamics associated with a budget‐neutral reallocation of spending from education to infrastructure are studied through numerical simulations. The growth‐maximizing share of investment in infrastructure is shown to depend on the goods production technology and the ‘productiveness’ of infrastructure in the schooling technology. Properties of the welfare‐maximizing solution are also discussed." @default.
• W2135666443 created "2016-06-24" @default.
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• W2135666443 date "2010-12-14" @default.
• W2135666443 modified "2023-09-30" @default.
• W2135666443 title "Schooling and Public Capital in a Model of Endogenous Growth" @default.
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• W2135666443 doi "https://doi.org/10.1111/j.1468-0335.2009.00794.x" @default.
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