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| Masaya Yasuoka, Megumi Katahira and Tamotsu Nakamura |
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| ''Private Education and Positive Growth with Shrinking Income Inequality: A Note'' |
| ( 2008, Vol. 9 No.4 ) |
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| This short paper introduces the external effects of human capital on education as reported by such as Tamura (1991) and so on to Glomm and Ravikumar (1992) and reexamines economic growth and income inequality in the two education systems: one for public and the other for private education. Glomm and Ravikumar show that income inequality does not shrink if the growth rate is positive in private education. On the other hand, we show that both positive growth and income shrinking are brought about by the externality considered in this paper. |
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| Keywords: |
JEL: I2 - Education: General
E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General |
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| Manuscript Received : Feb 25 2008 | | Manuscript Accepted : Mar 05 2008 |
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