原创力文档Public policy and growth in Canada An applied endogenous growth model with human and knowledge capital accumulation》.pdf
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Public policy and growth in Canada An applied endogenous growth model with human and knowledge capital accumulation》.pdf
Economic Modelling 50 (2015) 298–309
Contents lists available at ScienceDirect
Economic Modelling
j ournal homepage : www.el /l oc ate/ ecmod
Public policy and growth in Canada: An applied endogenous growth
model with human and knowledge capital accumulation☆
Ebru Voyvoda a,⁎, Erinç Yeldan b
a Middle East Technical University, Department of Economics, 06800 Ankara, Turkey
b Ihsan Doğramacı Bilkent University, Department of Economics, 06800 Ankara, Turkey
a r t i c l e i n f o a b s t r a c t
Article history: Evidence suggests that the Canadian economy is over-shadowed with lagging productivity growth and that its
Accepted 28 June 2015 innovation strategy lacks a market-oriented focus; and is unbalanced and biased. We study this problem with
Available online 30 July 2015 the aid of a dynamic general equilibrium model driven by analytics of endogenous growth and investigate the
viable policy options and assess the interactions between knowledge driven growth, acquisition of human capi-
Keywords:
tal, and the role of strategic public policy for the Canadian economy. We study alternative public policies aimed at
Endogenous growth
Education fostering the development of human capital (investment in education) and those at enhancing investments in
RD innovation. Based on the re-allocation effects triggered by public subsidization policies on higher education ver-
General equilibrium
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