Similar Search Results

Health, Human Capital Formation and Knowledge Production : Two Centuries of International Evidence

Madsen, Jakob Brøchner - 2012

Recent medical research shows that health is highly influential for learning and the ability to think laterally …; however, past economic studies have failed to empirically examine the influence of health on learning, schooling, and ideas … production; the main drivers of growth in endogenous growth models. This paper constructs a measure of health …

Persistent link: https://www.econbiz.de/10013099411

Optimal Government Spending and Taxation in Endgenous Growth Models

Corsetti, Giancarlo; Roubini, Nouriel - 2021

This paper analyzes optimal spending, tax and financial policies in models of endogenous growth where public spending is productive. We extend previous work in four directions. First, we analyze optimal policies when the government is allowed to borrow and lend, rather than being restricted to...

Persistent link: https://www.econbiz.de/10013221856

Government Spending in a Simple Model of Endogenous Growth

Barro, Robert J. - 2021

I extend existing models of endogenous economic growth to incorporate a government sector. Production involves private capital (broadly defined) and public services. There is constant returns to scale in the two factors, but diminishing returns to each separately. Public services are financed by...

Persistent link: https://www.econbiz.de/10013249674

The Relationship between Health and Growth : When Lucas Meets Nelson-Phelps

Aghion, Philippe - 2010

This paper revisits the relationship between health and growth in light of modern endogenous growth theory. We propose … a unified framework that encompasses the growth effects of both the rate of improvement of health and the level of … health. Based on cross-country regressions over the period 1960-2000, where we instrument for both variables, we find that a …

Persistent link: https://www.econbiz.de/10013146942

Schooling, Labor Force Quality, and Economic Growth

Hanushek, Eric Alan; Kim, Dongwook - 2000

Human capital is almost always identified as a crucial ingredient for growing economies, but empirical investigations of cross-national growth have done little to clarify the dimensions of relevant human capital or any implications for policy. This paper concentrates on the importance of labor...

Persistent link: https://www.econbiz.de/10014158648

Capital Mobility, Fiscal Policy and Growth Under Self-Financing of Human Capital Formation

Buiter, Willem H.; Kletzer, Kenneth - 2021

This paper considers the effects of fiscal and financial policy on economic growth in open and closed economies, when human capital formation by young households is constrained by the illiquidity of human wealth. Both endogenous and exogenous growth versions of the basic OLG model are analyzed....

Persistent link: https://www.econbiz.de/10013221520

Generational Conflict, Human Capital Accumulation, and Economic Growth

Holtz-Eakin, Douglas; Lovely, Mary E.; Tosun, Mehmet Serkan - 2021

Worldwide, dependency ratios are forecast to increase dramatically in the next 50 years. A great deal of attention has been devoted to understanding the changes in fiscal policies that must' take place to accommodate these changes. In contrast, less effort has been concentrated on studying the...

Persistent link: https://www.econbiz.de/10013239347

Human Capital and Economic Growth

Mincer, Jacob - 2021

Individuals differ in both inherited and acquired abilities, but only the latter differ among countries and time periods. Human capital analysis deals with acquired capabilities which are developed through formal and informal education at school and at home, and through training, experience, and...

Persistent link: https://www.econbiz.de/10013240569

Young Workers, Old Workers, and Convergence

Kremer, Michael; Thomson, Jim - 2021

The human capital of young and old workers are imperfect substitutes both in production and in on-the-job training. This helps explain why capital does not flow from rich to poor countries, causing instantaneous convergence of per capita output. If each generation chooses its human capital...

Persistent link: https://www.econbiz.de/10013240958

Human Capital and Growth : Theory and Evidence

Romer, Paul Michael - 2021

This paper outlines a theoretical framework for thinking about the role of human capital in a model of endogenous growth. The framework pays particular attention to two questions: What are the theoretical differences between intangibles like education and experience on the one hand, and...

Persistent link: https://www.econbiz.de/10013243945