The Role of the Education Industry in the U.S. Extended Income Circular Flow

Name: The Role of the Education Industry in the U.S. Extended Income Circular Flow
Brand: Vita e Pensiero
Price: 6.00 EUR
Availability: OnlineOnly

digital

Article

Magazine

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI

Issue

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2016 - 2

Title

The Role of the Education Industry in the U.S. Extended Income Circular Flow

Authors

Maurizio Ciaschini, Claudio Socci, Lorenzo Toffoli

Publisher

Vita e Pensiero

Format

Article |

Pdf

Pages

Online from

11-2016

Issn

0035-676X (print) | 1827-7918 (digital)

€ 6.00

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Description

The aim of this work is to design policies for public and private education systems in the U.S. Such policies are determined by assessing the importance of public and private education as industries. The role of public and private education industries is evaluated both in terms of their capability of being stimulated by, and of stimulating the other industries, the primary factors, and the institutional sectors. The analytic framework suitable to address this problem is a multisectoral model based on the Social Accounting Matrix (SAM) approach. Policy design is basedon both traditional multiplier and Macro Multiplier approaches. Policy simulation consists in the evaluation of the short-term multiplier effects of education-oriented policies expressed by shocks on final demand. Observed results show compatibility between targets of generalized output growth in almost all the sector of the economy and of output growth in both public and private education industries.