Engines of Growth: Education and Innovation

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URI: http://nbn-resolving.de/urn:nbn:de:bsz:21-opus-62880
Dokumentart: ResearchPaper
Date: 2012
Source: University of Tübingen Working Papers in Economics and Finance ; 40
Language: English
Faculty: 6 Wirtschafts- und Sozialwissenschaftliche Fakultät
Department: Wirtschaftswissenschaften
DDC Classifikation: 330 - Economics
Keywords: Bildung , Innovation , Wirtschaftswachstum
Other Keywords:
Education , Quality and variety innovation , Scale-invariant growth
License: Publishing license excluding print on demand
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The paper presents a dynamic general-equilibrium model of education, quality and variety innovation, and scale-invariant growth. We consider endogenous human capital accumulation in an educational sector and quality and variety innovation in two separate R&D sectors. In the balanced growth equilibrium education and innovation appear as in-line engines of growth and government can accelerate growth by subsidizing education or by enhancing the effectiveness of the educational sector.

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