Human Capital Formation, Learning by Doing and the Government in the Process of Economic Growth

26 Pages Posted: 12 Nov 2009 Last revised: 30 Dec 2012

See all articles by Alfred Greiner

Alfred Greiner

Bielefeld University - Department of Business Administration and Economics

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Date Written: November 11, 2009

Abstract

We present an endogenous growth model with human capital and learning by doing. Human capital is not an input factor in the production process of final output but it affects the ability to build up knowledge capital as a by-product of cumulated investment (learning by doing). Human capital is formed in the schooling sector that is financed by the government. The government may run into debt but always obeys the inter-temporal budget constraint. The paper analyzes the structure of the model and studies effects of different budgetary policies as regards the balanced growth rate and with respect to transition dynamics.

Keywords: Human Capital Formation, Learning by Doing, Public Education, Endogenous Growth

JEL Classification: H52, H60, O38, O41

Suggested Citation

Greiner, Alfred, Human Capital Formation, Learning by Doing and the Government in the Process of Economic Growth (November 11, 2009). Available at SSRN: https://ssrn.com/abstract=1503800 or http://dx.doi.org/10.2139/ssrn.1503800

Alfred Greiner (Contact Author)

Bielefeld University - Department of Business Administration and Economics ( email )

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