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Governmental Education Policy with Private Education Investment—Evidence from China

机译:民办教育投资的政府教育政策-来自中国的证据

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By using a two-period overlapping generations model,our paper conducts a macroeconomic simulation in Shenyang City,China to examines the effects of education subsidies on human capital accumulation and economic growth.The main results are firstly that in the case without education subsidy,the economic growth on the steady state would be 12.5 percent,and it would increase by 13.01 percent if the government could increase the current education subsidy rate by 1.7 percent.Secondly,during the transition path,the growth rate regarding consumption both in young and old period,capital stock and education investment could be decreased.However,those rates could be higher after the economy reaches its steady in the long-run.
机译:本文采用两时期重叠的世代模型,在中国沉阳市进行了宏观经济模拟,考察了教育补贴对人力资本积累和经济增长的影响。主要结果是:首先,在没有教育补贴的情况下,稳定状态下的经济增长率为12.5%,如果政府可以将当前的教育补贴率提高1.7%,则增长率将为13.01%。其次,在过渡时期,年轻人和老年人在消费方面的增长率,资本存量和教育投资可能会减少。但是,从长期来看,经济趋于稳定之后,利率可能会更高。

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