A MODEL WITH KNOWLEDGE EXTERNALITIES AND EDUCATIONAL POLICY

Theoretical and Practical Research in the Economic Fields Pub Date : 2021-07-03 DOI:10.14505//TPREF.V12.1(23).05

Aleksandar Vasilev

引用次数: 0

Abstract

We utilize a standard endogenous-growth model with knowledge spillovers (the “k-K” model). We characterize the optimal Balanced Growth Path (BGP), and compare it to path under market competition. In the presence of externalities, markets fail. One way to restore efficiency is to subsidize knowledge accumulation, and finance the subsidy by taxing final consumption.

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具有知识外部性和教育政策的模型

我们利用一个标准的知识溢出内生增长模型(“k-K”模型)。本文描述了最优均衡增长路径(BGP)，并将其与市场竞争下的路径进行了比较。在外部性存在的情况下，市场失灵。恢复效率的一种方法是补贴知识积累，并通过对最终消费征税来为补贴提供资金。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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