{"title":"具有知识外部性和教育政策的模型","authors":"Aleksandar Vasilev","doi":"10.14505//TPREF.V12.1(23).05","DOIUrl":null,"url":null,"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.","PeriodicalId":362173,"journal":{"name":"Theoretical and Practical Research in the Economic Fields","volume":"94 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2021-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"A MODEL WITH KNOWLEDGE EXTERNALITIES AND EDUCATIONAL POLICY\",\"authors\":\"Aleksandar Vasilev\",\"doi\":\"10.14505//TPREF.V12.1(23).05\",\"DOIUrl\":null,\"url\":null,\"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.\",\"PeriodicalId\":362173,\"journal\":{\"name\":\"Theoretical and Practical Research in the Economic Fields\",\"volume\":\"94 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2021-07-03\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Theoretical and Practical Research in the Economic Fields\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.14505//TPREF.V12.1(23).05\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Theoretical and Practical Research in the Economic Fields","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.14505//TPREF.V12.1(23).05","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
A MODEL WITH KNOWLEDGE EXTERNALITIES AND EDUCATIONAL POLICY
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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