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Public education expenditures, taxation, and growth: Linking data to theory.

Allocating government education expenditures across K-12 and college education.

How different is the cyclical behavior of home production across countries?

Labor market trends with balanced growth.

A simple economic theory of skill accumulation and schooling decisions.

Public schooling, college subsidies and growth.

Public education expenditures and growth.

School finance litigation, tax and expenditure limitations, and education spending: an empirical analysis.

The interrelatedness of tax and expenditure limitations and education finance reform.

The welfare implications of factor taxation with rising wage inequality.

Can real world interest rates explain business cycles in small open economies?

A welfare analysis of policy responses to the skilled wage premium.

 

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Public education expenditures and growth.

With Nicole Simpson, Journal of Development Economics. April 2004, Vol. 73, pp. 583-605.

Abstract: Empirical evidence is mixed concerning the effects of public education expenditures on economics growth. We explore this expenditure - growth relationship in the context of an endogenous growth model in which private and public investment are inputs to human capital accumulation. The positive direct effect of public education spending on growth can be diminished or even negated when other determinants of growth are negatively affected by general equilibrium adjustments. We show that the reponse of growth to public education expenditures may be nonmonotonic over the relevant range. The relationship depends on the level of government spending, the tax stucture and the parameters of production technologies.