Human Capital Investment and Growth: A Dynamic Education Model - Archive ouverte HAL
Article Dans Une Revue Journal of Business and Public Affairs Année : 2008

Human Capital Investment and Growth: A Dynamic Education Model

Mohamed Ben Mimoun
  • Fonction : Auteur
  • PersonId : 842838
Raies Asma
  • Fonction : Auteur
  • PersonId : 1340283
  • IdRef : 145615774

Résumé

The paper aims to explicitly determine the distribution of human capital across hierarchic educational stages along the transition process, and to analyze the determinants of its evolution. We apply optimal control principles in a model of endogenous growth with two successive stages of education. We show that with initial relative scarcity of advanced human capital, the duration of studies at the advanced level should increase until reaching its equilibrium level. We also find that, by raising the duration of studies at the advanced schooling level, improvements in the quality of education at this level also enhances the economy's growth rate, both in the transition and in the long-run.
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Dates et versions

hal-00650663 , version 1 (12-12-2011)

Identifiants

  • HAL Id : hal-00650663 , version 1

Citer

Mohamed Ben Mimoun, Raies Asma. Human Capital Investment and Growth: A Dynamic Education Model. Journal of Business and Public Affairs, 2008, 2 (1), pp.23. ⟨hal-00650663⟩
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