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Sunday, August 9, 2020 | History

2 edition of The medium run effects of education expansion found in the catalog.

The medium run effects of education expansion

evidence from a large school construction program in Indonesia

by Esther Duflo

  • 222 Want to read
  • 32 Currently reading

Published by Massachusetts Institute of Technology, Dept. of Economics in Cambridge, MA .
Written in English


About the Edition

This paper studies the medium run consequences of an increase in the rate of accumulation of human capital in a developing country. From 1974 to 1978, the Indonesian government built over 61,000 primary schools. The school construction program led to an increase in education among individuals who were young enough to attend primary school after 1974, but not among the older cohorts. 2SLS estimates suggest that an increase of 10 percentage points in the proportion of primary school graduates in the labor force reduced the wages of the older cohorts by 3.8% to 10% and increased their formal labor force participation by 4% to 7%. I propose a two-sector model as a framework to interpret these findings. The results suggest that physical capital did not adjust to the faster increase in human capital. Keywords: General equilibrium, Program evaluation, Adjustment costs. JEL Classification: O1, O4, I2.

Edition Notes

StatementEsther Duflo
SeriesWorking paper series / Massachusetts Institute of Technology, Dept. of Economics -- working paper 01-46, Working paper (Massachusetts Institute of Technology. Dept. of Economics) -- no. 01-46.
ContributionsMassachusetts Institute of Technology. Dept. of Economics
The Physical Object
Pagination38, [16] p. :
Number of Pages38
ID Numbers
Open LibraryOL24639642M
OCLC/WorldCa51782113

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The medium run effects of education expansion by Esther Duflo Download PDF EPUB FB2

Get this from a library. The medium run effects of educational expansion: evidence from a large school construction program in Indonesia. [Esther Duflo; National Bureau of Economic Research.]. Get this from a library. The Medium Run Effects of Educational Expansion: Evidence from a Large School Construction Program in Indonesia.

[Esther Duflo; National Bureau of Economic Research;] -- This paper studies the medium run consequences of an increase in the rate of accumulation of human capital in a developing country.

From tothe Indonesian government built o The Medium Run Effects of Educational Expansion: Evidence from a Large School Construction Program in Indonesia Journal of Development Economics, Esther Duflo.

How Much Should We Trust Differences-in-Differences Estimates. Quarterly Journal of Economics, with Sendhil Mullainathan and Marianne Bertrand.

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of episodes: (list of episodes). An English-medium education system is one that uses English as the primary medium of instruction—particularly where English is not the mother tongue of the students. Initially this is associated with the expansion of English from its homeland in England and the lowlands of Scotland and its spread to the rest of Great Britain and Ireland, beginning in the sixteenth century.

Small and Medium-sized Enterprises: Local Strength, Global Reach mostly in knowledge-intensive sec-tors and in regions characterised by intense economic activity and clus-tering, these fast growers are usually integrated into formal and informal networks of firms.

High-growth SMEs play a pioneering role in devel-oping new products and markets inFile Size: KB. A tour of the book Aggregate output Other major macroeconomic variables Output, unemployment and the inflation rate, Okun’s law and the Philips curve The short run, the medium run and the long run A tour of the book Summary Key terms Questions and problems Further reading Controversial Congresswoman Alexandria Ocasio-Cortez weighed-in Monday on the country’s efforts to combat the effects of Coronavirus; calling for “climate transition,” education expansion, free healthcare, and apprenticeships to offset the disease.

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The English Education Act was a legislative Act of the Council of India, gave effect to a decision in by Lord William Bentinck, then Governor-General of British India, to reallocate funds the East India Company was required by the British Parliament to spend on education and literature in had not supported tradition of Muslim and Hindu education and the publication of Enacted by: Supreme Council of Bengal.

And the rate of growth really climbed after the middle of the 20th century, when the expansion of basic education became a global priority. You can read more about the expansion of education systems around the world in our entry on Financing Education.

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Since the mobility of factors in response to any economic change is likely to increase over time, we can interpret the immobile factor model results as short-run effects, the SF model results as medium-run effects, and the H-O model results as long-run effects.

Production of Good 1 requires the input of labor and capital specific to Industry 1. It doesn’t mean that policy will react to every short-run change in the data. Some shocks that hit the economy will result in an accumulation of information that changes the medium-run outlook for the economy and the risks around the outlook in such a way that monetary policy will want to : Loretta J.

Mester. Education - Education - Education in British colonies and former colonies: In the British colonies, as elsewhere, religious missions were instrumental in introducing European-style education.

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The short run is the time before the money supply can affect the price level in the economy. In Chapter 18 "Interest Rate Determination", Section "Money Supply and Long-Run Prices", we consider the long-run effects of a money supply increase. In the long run, money supply changes can affect the price level in the economy.

In the previous. The term does not refer to a period of time, but instead to what is exogenous. A long-run cost curve, for example, refers to costs when the firm can fully adjust all of the inputs including its capital goods; but technology and the economy’s institutions are exogenous.

See also: technology, institutions, short run (model), medium run (model). In the long-run, the aggregate supply curve and aggregate demand curve are only affected by capital, labor, and technology. Everything in the economy is assumed to be optimal. The aggregate supply curve is vertical which reflects economists’ belief that changes in aggregate demand only temporarily change the economy’s total output.Education - Education - Education in the 20th century: International wars, together with an intensification of internal stresses and conflicts among social, racial, and ideological groups, characterized the 20th century and had profound effects on education.

Some of the changes that had far-reaching effects were the rapidly spreading prosperity but widening gaps between rich and poor, an.In this lesson summary review and remind yourself of the key terms and graphs related to the effects of fiscal policy actions in the short run.

Topics include how fiscal and monetary policy can be used in combination to close output gaps, and how fiscal and monetary policy affect key macroeconomic indicators such as output, unemployment, the real interest rate, and inflation.