Zhang, Xun
Structural change through public education expenditure evidence from China / Xun Zhang .-- , 2019
Disponible también en formato electrónico en la Biblioteca del IEF.
Resumen.
Bibliografía.
Under China's hukou system, I analyze the relationship between public education expenditure and structural change as measured by labor transfer from the agricultural to the industrial sector. I construct a two‐sector general equilibrium model, which shows that in the short term, public education expenditure crowds out industrial capital accumulation and temporarily hinders structural change, but in the long term, public education expenditure permanently reduces rural residents' education costs. An inverted U‐shape relationship implied by the empirical evidence indicates that China's current public education expenditure is far from optimal, suggesting that China should increase it, especially for rural residents.
GASTOS EN EDUCACION
DESARROLLO RURAL
DESARROLLO INDUSTRIAL
CHINA
MODELOS ECONOMETRICOS
Contemporary Economic Policy 1074-3529 [papel] v. 37, n. 2, April 2019, p. 366-388
Structural change through public education expenditure evidence from China / Xun Zhang .-- , 2019
Disponible también en formato electrónico en la Biblioteca del IEF.
Resumen.
Bibliografía.
Under China's hukou system, I analyze the relationship between public education expenditure and structural change as measured by labor transfer from the agricultural to the industrial sector. I construct a two‐sector general equilibrium model, which shows that in the short term, public education expenditure crowds out industrial capital accumulation and temporarily hinders structural change, but in the long term, public education expenditure permanently reduces rural residents' education costs. An inverted U‐shape relationship implied by the empirical evidence indicates that China's current public education expenditure is far from optimal, suggesting that China should increase it, especially for rural residents.
GASTOS EN EDUCACION
DESARROLLO RURAL
DESARROLLO INDUSTRIAL
CHINA
MODELOS ECONOMETRICOS
Contemporary Economic Policy 1074-3529 [papel] v. 37, n. 2, April 2019, p. 366-388