Abstract
Several policies or interventions have been implemented in developing countries with the ultimate goal of improving educational outcomes and human capital. Although many empirical studies have pointed to mixed results of these interventions, the role of uncertainty arising from the state of nature about the educational environment and household characteristics in the efficiency of these interventions still lacks an economic mechanism. This paper aims at developing a theoretical framework that links policy interventions to educational outcomes. We characterize optimal policies and determine the conditions for enhancing social welfare.
Original language | English |
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Pages (from-to) | 2067-2092 |
Number of pages | 26 |
Journal | Macroeconomic Dynamics |
Volume | 20 |
Issue number | 8 |
DOIs | |
Publication status | Published - Dec 2016 |
Keywords
- Educational Outcome
- Policy Interventions
- Social Welfare
- FRONTIER PRODUCTION FUNCTION
- SECONDARY-SCHOOLS
- EFFICIENCY
- COMPETITION