Is financial openness bad for education? A political economy perspective


Bourguignon, François and Verdier, Thierry (2000) Is financial openness bad for education? A political economy perspective European Economic Review, 44, (4-6), pp. 891-903. (doi:10.1016/S0014-2921(00)00049-0).

Download

Full text not available from this repository.

Description/Abstract

This paper presents a simple model of the links between education, democratization and economic development. In a context of imperfect capital markets, we investigate the incentives for a capitalist oligarchy to subsidize the education of poor workers and to initiate a political transition. It is shown that international financial liberalization, while stimulating physical capital accumulation, reduces the capitalist elite willingness to subsidize domestic human capital accumulation in the medium run. It thus delays, without necessarily impeding the process of democratization

Item Type: Article
Digital Object Identifier (DOI): doi:10.1016/S0014-2921(00)00049-0
Additional Information: JEL classification codes: F2, H1, I2, O1
ISSNs: 0014-2921 (print)
Keywords: democratization, openness, political economy, education
Subjects:

ePrint ID: 33481
Date :
Date Event
2000Published
Date Deposited: 19 Jul 2006
Last Modified: 16 Apr 2017 22:15
Further Information:Google Scholar
URI: http://eprints.soton.ac.uk/id/eprint/33481

Actions (login required)

View Item View Item