In the paper we model education and human capital as major endogenous growth elements in a small open economy general equilibrium framework and consider several possible policy scenarios. Decrease of the PIT rate and increase of government spending on education turned out to be the most effective policy measures. Higher skill upgrade of labour requires longer and higher short-term labour force decrease, but also provides us with higher long-term growth. The households that would gain more utility from such policy scenarios are those with more skilled labour and thus higher income level.
F.23 Development of new system-wide, normative and programme solutions, and methods
COBISS.SI-ID: 248036352In the paper we model R&D as a major endogenous growth element in a small open economy general equilibrium framework and consider several R&D policy scenarios for Slovenia. Increase of the share of sector investment in R&D that is deductible from the corporate income tax and increase of government spending on R&D turned out to be the most effective suggested policy measures. The households that would gain more utility from such policy scenarios are those with more skilled and highly skilled labour, but not the very top earners in the economy.
F.23 Development of new system-wide, normative and programme solutions, and methods
COBISS.SI-ID: 248036864The monograph presents the development of a dynamic general equilibrium model with endogenous growth, driven by education and research and development. It is a modelling tool that enables us to analyze the impact of education and research and development on economic growth in the context of complex mutual activity of economic agents and its outcomes.
F.23 Development of new system-wide, normative and programme solutions, and methods
COBISS.SI-ID: 253935104The paper presents the structure and operation of a dynamic general equilibrium model with endogenous growth, driven by education and research and development. It is a modelling tool that enables us to analyze the impact of education and research and development on economic growth in the context of complex mutual activity of economic agents and its outcomes.
F.23 Development of new system-wide, normative and programme solutions, and methods
COBISS.SI-ID: 1483150This software is a dynamic general equilibrium model with endogenous growth, driven by education and research and development. It is a modelling tool that enables us to analyze the impact of education and research and development on economic growth in the context of complex mutual activity of economic agents and its outcomes.
F.23 Development of new system-wide, normative and programme solutions, and methods
COBISS.SI-ID: 1531278