Authors:

  • Elhanan Helpman

Excerpt

Schooling and Balanced Growth. Elhanan Helpman, February 28, 2016, Paper. "For the past few decades, the growth of industrialised economies has been remarkably balanced. This column suggests that such balanced growth results from schooling levels increasing over time. When capital and schooling are sufficiently complementary, increases in schooling offset the effect of capital deepening on the capital share and ensure that growth remains balanced." Link