出版社:Faculdade de Administra??o, Contabilidade e Economia, Pontifícia Universidade Católica do Rio Grande do Sul
摘要:This paper analyzes the relationship between knowledge and economic development.
Countries with low educational level also have low labor productivity. Education reduces
social inequalities by improving wages. Investments in education generate increasing returns
for individuals and productive sector, rising income and productivity. These expenditures
represent just a parcel the expenditure in human capital, which also include those referent to
labor training, health care, culture and leisure. Population well trained, healthy and motivated is
more productive what raises the total factor productivity and social product. The expenditures
in education constitute just a part of the total expenditures related to the production of knowledge.
It is also composed by expenditures with basic and applied research. The knowledge can
be considered a production factor that rises the productivity of the physical capital, of the labor
and human capital, producing increasing returns.
关键词:Education and economic development. Endogenous growth. Human capital.