We use a general equilibrium framework to study optimal health investment in a dynamic model where agents derive utility from consumption and health. The steady state and the dynamics of the model are studied under separable and non-separable preferences. A shock undermining health which...

This paper addresses some of the challenges confronting the European Union and China as they build their knowledge economies, and their on-going and possible future actions to address such challenges. Fifty years after the creation of what became the European Union, we argue that there is an...

This paper addresses some of the challenges confronting the European Union and China as they build their knowledge economies, and their on-going and possible future actions to address such challenges. Fifty years after the creation of what became the European Union, we argue that there is an...

In a globalized knowledge-economy, the European Union (EU) needs a new approach to its international science and technology (S&T) policies by focusing on improved coherence across the different tiers of government and by demonstrating leadership in tackling serious global challenges. The...

This paper addresses some of the challenges confronting the EU and China as they build their knowledge economies. We argue that there is an urgent need to develop a new outward-looking Lisbon strategy, preparing the EU for globalization. The strategy would focus on: international trade in...