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Ritzen, J. M. M. – Economics of Education Review, 1987
Models the interaction between human capital supply and demand with a production block and a labor supply block explored empirically for the Netherlands on a time-series basis. Simulates economic development, assuming a 20-year international business cycle. Shows government stabilization policy as effective in maximizing long-range growth.…
Descriptors: Business Cycles, Economic Development, Human Capital, Labor Supply