E-Book Overview
A crucial issue in the era of globalization and internationalization, is whether the relationship between investment and finance is beneficial to growth and development. Similar questions have been raised about education and its rate of social return; is education necessary for improving the skill of the workforce, or does it serve primarily to facilitate the adoption of these new technologies? This book brings together a case of leading international scholars to analyze the importance of education, research, and human capital and the impact of financial systems on growth and development.
E-Book Content
Finance, Research, Education and Growth Edited by Luigi Paganetto and Edmund S. Phelps
Finance, Research, Education and Growth
Also by Luigi Paganetto and Edmund S. Phelps EQUITY, EFFICIENCY AND GROWTH: The Future of the Welfare State (edited with Mario Baldassarri) INTERNATIONAL ECONOMIC INTERDEPENDENCE: Patterns of Trade Balances and Economic Policy Coordination (edited with Mario Baldassarri) PRIVATIZATION PROCESSES IN EASTERN EUROPE: Theoretical Foundations and Empirical Results (edited with Mario Baldassarri) THE 1990s SLUMP: Causes and Cures (edited with Mario Baldassarri) WORLD SAVING, PROSPERITY AND GROWTH (edited with Mario Baldassarri) INTERNATIONAL DIFFERENCES IN GROWTH RATES: Market Globalization and Economic Areas (edited with Mario Baldassarri)
Finance, Research, Education and Growth Edited by
Luigi Paganetto University of Rome ‘Tor Vergata’
and
Edmund S. Phelps Department of Economics, Columbia University New York
© CEIS (Centre for International Studies on Economic Growth), University of Rome ‘Tor Vergata’ 2003 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No paragraph of this publication may be reproduced, copied or transmit