نتایج جستجو برای: capital formation
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Conventional wisdom about the relationship between income distribution and economic development has been subjected to dramatic transformations in the past century. While Classical economists advanced the hypothesis that inequality is bene cial for economic development, the Neoclassical paradigm, which had subsequently dominated the eld of macroeconomics, dismissed the Classical hypothesis and ...
We develop a model of human capital formation with endogenous labor supply and heterogeneous agents to explore the optimal level of education subsidies along with the optimal schedule of the labor income tax. If the government can observe inputs into the production of human capital, subsidies on education ensure efficiency in human capital accumulation and labor taxes are more progressive than ...
Abstract The major aim of this paper is to examine the extent which human capital spillover effects are responsive different quantiles gross formation across selected 19 OECD countries for period 1980-2017. We develop an endogenous model estimating on investment regarding bargaining power workers. In sense, quantile regression models applied analyze miscellaneous linkage and correct possible di...
This paper studies capital accumulation and consumption in the traditional Ramsey model under an exogenous growth framework. The model has three important features: (1) treating health as a simple function of consumption, which enable the study of health and growth in an aggregate macroeconomic model; (2) the existence of multiple equilibria of capital stock, health, and consumption, which is m...
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