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Provedor de dados:  AgEcon
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>Department of Agricultural Economics and Management>Discussion Papers
Discussion Paper 7.04
Formato:  49

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