Suchergebnisse

"This book aims to introduce and discuss the policy issues and challenges surrounding the development of nuclear power energy in Southeast Asia (SEA). Nuclear energy is poised for substantial growth in a region that is in need of more sustainable and clean energy source against the background of rising energy demand and an increasingly narrower power supply and demand gap. However, there are many safety and security risks associated with nuclear power especially so for a region that remains vulnerable to political risks and military conflicts. This book will, therefore, discuss those policy issues and challenges and offers unique insights from the practitioners, industry experts, academics, and policymakers on how the SEA governments could mitigate those risks through good governance."--Publisher's website.

PurposeThis paper aims to examine the growth effects of human capital investment achieved through publicly‐provided, compulsory education, financed from income and consumption taxes.Design/methodology/approachConstructs an endogenous growth model for developing countries, based on human capital accumulation in which education is publicly provided and financed, and schooling is compulsory.FindingsPublic investment in human and physical capital are financed from taxes on wage and capital income, and consumption. Semi‐reduced forms are obtained to examine the equilibrium growth properties of the model, allowing the steady‐state effects of fiscal policy to be derived. The specification of the human capital production function and the strength of labour supply effects are shown to be important for the magnitude of steady‐state outcomes. Simulations illustrate the model's steady‐state and transitional dynamic properties.Originality/valueProvides an analysis of the growth impact of state‐provided education.