Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/212855 
Autor:innen: 
Erscheinungsjahr: 
2016
Schriftenreihe/Nr.: 
BOFIT Discussion Papers No. 12/2016
Verlag: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Zusammenfassung: 
​We study a developing economy in which the representative firm's production function exhibits complementarities between human capital and the available level of technology. The firm invests in the acquisition of new technology, while employees decide how much human capital to acquire. The rate of human capital accumulation positively affects the economy's growth rate, and therefore in our baseline case a reform that improves the educational system boosts growth. An important caveat, however, is that the absence of robust institutions may lead to lax enforcement of property rights and limit the incentives for firms to invest in new technology. The lack of investment in technology constrains demand for human capital and undermines the success of the education reform. It can even lead to a brain drain as individuals take advantage of the education reform and then move to an economy with higher demand for their acquired skills. We also consider our model findings with respect to the real-world case of Russia. Our main conclusion is that measures to improve the school system need to be accompanied by other institution-building measures that enhance property rights, promote good management practices and reduce incentives to engage in corrupt behaviors.
JEL: 
O43
P16
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-952-323-128-3
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe





Publikationen in EconStor sind urheberrechtlich geschützt.