16th International Conference on Input-Output Research Association (IORA), India held from 3-5 March, 2012 circulation of proceedings

Abstract

Saputra W. (2008) in " Optimal human investment allocation: A note on Government Spending and Labour-Leisure Choice " attempts to analyse Government spending and optimal human investment allocation rate in the two sector model of an endogenous growth (education and good sectors), by comparing solutions between social planner maximization problem (flow of Government spending) and decentralized competitive equilibrium (proportional tax in output in goods sector's production function), and by considering two types of utility functions: the Constant Inter-temporal Elasticity of Substitution (CIES) and the Constant Elasticity of Substitution (CES) with labor-leisure choice.