Macroeconomic effects of public education expenditure

被引：8

作者：

Angelopoulos, Konstantinos ^{[1
]}

Malley, Jim ^{[1
]}

Philippopoulos, Apostolis ^{[1
,2
]}

机构：

[1] Univ Glasgow, Glasgow G12 8QQ, Lanark, Scotland

[2] Athens Univ Econ & Business, CESifo, Athens, Greece

来源：

CESIFO ECONOMIC STUDIES | 2008年 / 54卷 / 03期

关键词：

D O I：

10.1093/cesifo/ifn021

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This article studies the growth and welfare effects of public education spending in the USA for the post-war period. We calibrate a standard dynamic general equilibrium model, where human capital is the engine of long-run endogenous growth. Our results suggest that while increases in public education spending raise growth, these increases are not necessarily welfare promoting. Welfare gains however can be realized if increases in public education spending are accompanied by changes in the government tax-spending mix.

引用

页码：471 / 498

页数：28