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Endogenous life expectancy and R&D-based economic growth
Tscheuschner, Paul - 2021
We propose an overlapping generations framework in which life expectancyis determined endogenously by governmental health investments. As a novelty, we are able to examine the feedback effects between life expectancy and R&D-driven economic growth for the transitional dynamics. We find that i)...
Persistent link: https://www.econbiz.de/10012430654
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Longevity-induced vertical innovation and the tradeoff between life and growth
Baldanzi, Annarita; Prettner, Klaus; Tscheuschner, Paul - 2017
We analyze the economic growth effects of rising longevity in a framework of endogenous growth driven by quality-improving innovations. We show that a rise in longevity raises savings and thereby reduces the market interest rate. Since the monopoly profits generated by a successful innovation...
Persistent link: https://www.econbiz.de/10011761615
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Chapter 3. Health and Economic Growth
Weil, David N. - 2014
This chapter examines the relationship between health and economic growth. Across countries, income per capita is highly correlated with health, as measured by life expectancy or a number of other indicators. Within countries, there is also a correlation between people’s health and income....
Persistent link: https://www.econbiz.de/10014025594
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Education as a Source of Economic Growth. Rate of Return to Schooling
Kassapi, Sophia - 2014
Persistent link: https://www.econbiz.de/10013051192
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Education as a Source of Economic Growth. Rate of Return to Schooling
Kassapi, Sophia - 2016
Persistent link: https://www.econbiz.de/10012993917
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Investigating the Cross Country Causal Relationship between Institutions and Economic Performance : A Panel Cointegration Analysis
Siddiqui, Danish Ahmed - 2019
This paper analyzes the long-run dynamics between quality of institutions measured by recently developed Index of institutionalized social technologies, and Economic performance in the sample of 84 countries covering the period 2002-2006. Panel cointegration tests and FM OLS (Fully Modified OLS)...
Persistent link: https://www.econbiz.de/10012897727
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The Effect of Institutions on Economic Growth : A Global Analysis Based on GMM Dynamic Panel Estimation
Siddiqui, Danish Ahmed - 2019
This study examines how institutional indicators influence economic growth in a theoretical framework proposed by North (1981). Thirty-one indicators each covering 84 countries over a span of 5 years have been used to extract factors based on principal component analysis. Factors based on these...
Persistent link: https://www.econbiz.de/10012869325
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Evaluating Specification Search in Cross-Country Growth Regressions : Extreme Bounds vs. General-to-Specific Methodologies
Hoover, Kevin D.; Perez, Stephen J. - 2008
This paper is a substantially revised version of our earlier working paper, "Truth and Robustness in Cross-country Growth Regressions." The most important revisions concern the handling of missing observations in the cross-country data set. In the earlier paper, these had been handled through...
Persistent link: https://www.econbiz.de/10014124932
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Exponential growth bias in the prediction of COVID-19 spread and economic expectation
Banerjee, Ritwik; Majumdar, Priyama - 2020
Exponential growth bias (EGB) is the pervasive tendency of people to perceive a growth process as linear when, in fact … positive cases in the future. The bias is positively correlated with optimistic expectations about the future macroeconomic … to Baseline, b) Feedback-N, Feedback-G, and Forecast significantly reduce bias relative to both Baseline and Step, c) the …
Persistent link: https://www.econbiz.de/10012288390
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Growth and welfare effects of health care in knowledge based economies : conference paper
Kuhn, Michael; Prettner, Klaus - 2013
We study the effects of a labor-intensive health care sector within an R&D-driven growth model with overlapping generations. Health care increases longevity and labor participation/productivity. We examine under which conditions expanding health care enhances growth and welfare. Even if the...
Persistent link: https://www.econbiz.de/10010338973