000			01642nab a2200277 c 4500
999			_c140502 _d140502
003			ES-MaIEF
005			20230613145623.0
007			ta
008			190424t2019 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_967205 _aZhang, Xun
245		0	_aStructural change through public education expenditure _bevidence from China _c Xun Zhang
260			_c2019
500			_aDisponible también en formato electrónico en la Biblioteca del IEF.
500			_aResumen.
504			_aBibliografía.
520			_aUnder 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.
650		4	_944900 _aGASTOS EN EDUCACION
650		4	_942571 _aDESARROLLO RURAL
650		4	_947958 _aDESARROLLO INDUSTRIAL
650		4	_933911 _aCHINA
650		4	_947776 _aMODELOS ECONOMETRICOS
773	0		_9160195 _oOP 1634/2019/2 _tContemporary Economic Policy _w(IEF)574 _x 1074-3529 [papel] _g v. 37, n. 2, April 2019, p. 366-388
942			_cART