Private versus Public Financing of Education and Endogenous Growth: A Comment on Brauninger and Vidal


Abstract:

This note shows that the long-run effect in the case of a low skill trap in Brauninger and Vidal (Journal of Population Economics (2000) 13: 387-401) contains a mistake. While not affecting the paper's basic intuition, this implies that the discussion in the short-run analysis also applies in the long-run.


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