This study considers a three-period overlapping generations model with an endogenous growth setting, in which agent borrows the first period and repays loan second under perfect credit market. Two educational subsidy schemes are considered: one is provided when other their loan. compares rates social welfare each scheme at unique balanced path equilibrium. The contribution of this paper that it...

â â â  â â  the paper uses economic and energy data analysis and econometric modeling to study the prospects and challenges of korea’s 2003 fta roadmap (mofat 2013) in the form of potential comprehensive partnerships with its major trade and energy partners. it first reviews korea’s international economic and trade relations in recent years with a focus on its major merchandise export desti...