Publication
Apr 2008
This publication examines the relationship between the accumulation of educational capital and macroeconomic development. The Solow model and the Mincer equation are combined to design a specification that identifies education externalities within a production function framework. The authors argue that educational capital accumulation not only increases individual private returns but also benefits macroeconomic returns.
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English (PDF, 19 pages, 367 KB) |
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Author | Kai Carstensen, Erich Gundlach, Susanne Hartmann |
Series | Kiel Institute Working Papers |
Issue | 1408 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2008 Kiel Institute for the World Economy. |