Fertility, growth, and flat-rate taxation for education subsidies. (English) Zbl 0914.90094
Summary: In this paper we show that an increase in the ratio of educational subsidies to income financed by flat-rate consumption and income taxes enhances economic growth, and has no net effect on fertility with logarithmic preferences. Using data from 69 countries, a cross-section analysis indicates that these theoretical results are consistent with empirical evidence.
References:
| [1] | Barro, R.J., Sala-i-Martin, X., 1995. Economic Growth. McGraw-Hill, New York.; Barro, R.J., Sala-i-Martin, X., 1995. Economic Growth. McGraw-Hill, New York. · Zbl 0825.90067 |
| [2] | Basmann, R., On finite distributions of generalized classical linear identification test statistics, Journal of the American Statistical Association, 55, 650-659 (1960) · Zbl 0096.35401 |
| [3] | Becker, G. S.; Murphy, K. M.; Tamura, R., Human capital, fertility, and economic growth, Journal of Political Economy, 98, S12-S37 (1990) |
| [4] | Eckstein, Z.; Zilcha, I., The effects of compulsory schooling on growth, income distribution and welfare, Journal of Public Economics, 54, 339-359 (1994) |
| [5] | Glomm, G. I.; Ravikumar, B., Public versus private investment in human capital: endogenous growth and income inequality, Journal of Political Economy, 100, 818-834 (1992) |
| [6] | Greene, W.H., 1993. Econometric Analysis, 2nd ed. MacMillan, New York.; Greene, W.H., 1993. Econometric Analysis, 2nd ed. MacMillan, New York. |
| [7] | Hossain, S. I., Effects of public programs on family size, child education and health, Journal of Development Economics, 30, 145-158 (1989) |
| [8] | Lapan, H. E.; Enders, W., Endogenous fertility, Ricardian equivalence, and debt management policy, Journal of Public Economics, 41, 227-248 (1989) |
| [9] | Ramsey, J. B., Tests for specification errors in classical linear least squares regression analysis, Journal of the Royal Statistical Society, Series B, 31, 350-371 (1969) · Zbl 0179.48902 |
| [10] | Sala-i-Martin, X., Cross-sectional regressions and the empirics of economic growth, European Economic Review, 38, 739-747 (1994) |
| [11] | Zhang, J., Fertility, growth, and public investments in children, Canadian Journal of Economics, 30, 4, 835-843 (1997) |
This reference list is based on information provided by the publisher or from digital mathematics libraries. Its items are heuristically matched to zbMATH identifiers and may contain data conversion errors. In some cases that data have been complemented/enhanced by data from zbMATH Open. This attempts to reflect the references listed in the original paper as accurately as possible without claiming completeness or a perfect matching.
