کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
965132 | 1479223 | 2016 | 11 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Growth and parental preference for education in China
ترجمه فارسی عنوان
رشد و ترجیح والدین برای تحصیل در چین
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
This study explores the implications of education preference in an innovation-driven growth model that features an interaction between endogenous technological progress and human capital accumulation. Parents invest in children's education partly due to the preference for their children to be educated. We consider a preference parameter that measures the degree of this cultural preference for education. We find that a society such as China in which parents place a high value on education accumulates more human capital, which is conducive to innovation, but the larger education investment also crowds out resources for R&D. As a result, a stronger cultural preference for education has an inverted-U effect on long-run growth. We also derive a closed-form solution for the transitional path of the equilibrium growth rate from any initial state and find that a strengthening of education preference causes an initial negative effect on growth. Finally, we consider a number of extensions to the benchmark model.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Macroeconomics - Volume 49, September 2016, Pages 192-202
Journal: Journal of Macroeconomics - Volume 49, September 2016, Pages 192-202
نویسندگان
Angus C. Chu, Yuichi Furukawa, Dongming Zhu,