This paper compares public health care with private health insurance in an overlapping generations endogenous growth model. It is shown that economic growth is higher when there is a private health insurance.

Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a generalised augmented Solow-type growth model, yields some answers to this question. In particular, we show that the impact of unemployment on productivity growth heavily depends...

Hamburg konnte - insbesondere in den Jahren zwischen 2000 und 2008 - stark vom Wachstum des internationalen Handels profitieren. Das rapide Wachstum des Welthandels der vergangenen Jahrzehnte wurde neben der Öffnung der Schwellenländer für Handelsvereinbarungen auch durch eine Vielzahl von...

Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a generalised Solow-type growth model yields some answers. In the traditional Solow model, unemployment has no long-run influence on the growth rate and the level of productivity....