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Training Subsidies, Technical Progress and Economic Growth

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  • Chatterji, Monojit

Abstract

This paper examines the conditions under which subsidization of skill production is a desirable policy. In the context of an endogenous growth model, it is shown that such a policy is justifiable if skills are acquired more easily in an environment where the existing level of skill is already high. It is further shown that the optimal training subsidy cannot be determined independently of other sources of technical progress. Copyright 1995 by Blackwell Publishers Ltd and The Victoria University of Manchester

Suggested Citation

  • Chatterji, Monojit, 1995. "Training Subsidies, Technical Progress and Economic Growth," The Manchester School of Economic & Social Studies, University of Manchester, vol. 63(3), pages 274-282, September.
    • Handle: RePEc:bla:manch2:v:63:y:1995:i:3:p:274-82
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    Cited by:

    1. Samia Nour, 2014. "The Importance (Impacts) of Knowledge at the Macro–Micro Levels in the Arab Gulf Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 5(3), pages 521-537, September.
    2. repec:cte:wbrepe:wb035412 is not listed on IDEAS
    3. Nour, Samia, 2011. "The importance (impact) of knowledge at the macro-micro levels in Sudan," MERIT Working Papers 2011-034, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).

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