TRADE AND DIVERGENCE IN EDUCATION SYSTEMS

• 成果类型: Article
• 署名作者: Chang, Pao-Li; Huang, Fali
• 署名单位: Singapore Management University
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/iere.12089
• 发表日期: 2014
• 页码: 1251-1280
• 关键词: INTERNATIONAL-TRADE; comparative advantage; GROWTH; GLOBALIZATION; CONSEQUENCES; institutions; japanese; finance; school; REFORM

摘要

This article presents a theory on the endogenous choice of education policy and the two-way causal relationship between trade and education systems. A country's education system determines its talent distribution and comparative advantage; the possibility of trade by raising the returns to the sector of comparative advantage in turn induces countries to further differentiate their education systems and reinforces the initial pattern of comparative advantage. Specifically, the Nash equilibrium choice of education systems by two countries interacting strategically are necessarily more divergent than their autarky choices, and yet less than what is socially optimal for the world.