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Implications of Quality of Schooling on Economic Growth and Convergence – A System Dynamics Perspective
Global Economic Review ( IF 1.843 ) Pub Date : 2019-12-10 , DOI: 10.1080/1226508x.2019.1699845
Meeta Keswani Mehra 1 , Swati Saini 1
Affiliation  

ABSTRACT This paper formulates a growth model to study the interlinkages among quality of schooling, human capital and technical progress of a stylised developing economy such as India. The simulation results reveal that under the technology regimes of innovation and imitation, the quality of schooling triggers a child quantity–quality trade-off wherein parents invest in educating their children and bear lesser number of children when schooling quality exceeds an endogenously determined threshold. Consequently, the stylised economy reaches a self-sustaining growth path under both the regimes by investing in human capital of the young generation in the long run.

中文翻译:

教育质量对经济增长和融合的影响——系统动力学视角

摘要 本文制定了一个增长模型来研究印度等典型发展中经济体的教育质量、人力资本和技术进步之间的相互联系。模拟结果表明,在创新和模仿的技术体制下,教育质量引发了儿童数量-质量的权衡,即当教育质量超过内生确定的阈值时,父母会投资于教育子女并减少生育子女的数量。因此,从长远来看,通过投资年轻一代的人力资本,程式化经济在两种制度下都达到了自我维持的增长路径。
更新日期:2019-12-10
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