Data/hora: 01/06/2024 19:02:15

Provedor de dados: | 31
País: | United States
Título: | KNOWLEDGE SPILLOVER, LEARNING INCENTIVES AND ECONOMIC GROWTH
Autores: | Tsur,   Yacov; Zemel,   Amos.
Data: | 2004-06-07
Ano: | 2004
Palavras-chave: | Endogenous growth; Human capital; Knowledge spillover; Learning incentives; Linear taxes; International Development; C61; H21; O33; O38; O41.
Resumo: | Knowledge spillover implies that the social value of knowledge is higher than its private value and leads to insufficient private investment in human capital.  This paper examines implications for economic growth and offers a remedy.  An incentive mechanism that implements the socially optimal outcome is offered based on learning subsidy and flat income or consumption taxes (each levied at a different phase of the growth process).  The scheme is self-financed in that the tax proceeds cover exactly the subsidy payments at each point of time.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

14646

http://purl.umn.edu/14991

Editor: | AgEcon Search

Relação:

Hebrew University of Jerusalem&gt;Department of Agricultural Economics and Management&gt;Discussion Papers

Discussion Paper 7.04

Formato:

49

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