Self-Financing Education, Borrowing Constraints, Government Policies, and Economic Growth
نویسندگان
چکیده
منابع مشابه
How Does Government Borrowing Affect Corporate Financing and Investment ?
Using a novel dataset of accounting and market information that spans most publicly traded nonfinancial firms over the last century, we show that U.S. federal government debt issuance significantly affects corporate financial policies and balance sheets through its impact on investors’ portfolio allocations and the relative pricing of different assets. Government debt is strongly negatively cor...
متن کاملGovernment Banking and Economic Growth in Iran
One of the measures taken by the 1979 Revolutionary Government of Iran was to denounce the mixed public-private ownership of the banking system of the pre-revolutionary era and implement a full scale banking nationalization and merging scheme. Since then the banking system has been operating under close supervision and scrutiny of the government - exercising its power to impose a variety of res...
متن کاملPublic Policies and Education, Economic Growth and Income Distribution
This paper provides an analysis relating economic growth, human capital composition, income distribution and public education policies. In the model human capital is 'lumpy' and only the high skilled carry it. The government chooses capital taxes to nance education, which directly a ects growth, the number of high skilled people and wages. Growth and income equality depend positively on the pro...
متن کاملEducation and Borrowing Constraints: An Analysis of Alternative Allocation Systems
This paper compares the allocative properties of markets and exams in an environment in which students di¤er in wealth and ability and schools di¤er in quality. In the presence of borrowing constraints, exams are shown to dominate markets in terms of matching e¢ ciency. Whether aggregate consumption is greater under exams than under markets depends on the power of the exam technology; for a su¢...
متن کاملComparative analysis of financing the government budget deficit through Islamic treasury bills and borrowing from the central bank
The budget deficit refers to the situation where the government’s expenditures exceeding its revenues According to many schools of economics, the existence of a persistent budget deficit in an economy is a sign of that country’s economic weakness, and the government of that country must implement economic reforms to eliminate or reduce it in various ways. There are various ways to finance the b...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2016
ISSN: 1556-5068
DOI: 10.2139/ssrn.2887247