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  1. Endogenous life expectancy and R&D-based economic growth
    Autor*in: Tscheuschner, Paul
    Erschienen: 2021
    Verlag:  University of Hohenheim, Dean's Office of the Faculty of Business, Economics and Social Sciences, Stuttgart, Germany

    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... mehr

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 221
    Fernleihe:
    keine Fernleihe

    Standort:
    Kommunikations-, Informations- und Medienzentrum der Universität Hohenheim
    Fernleihe:
    keine Fernleihe

     

    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) higher survival induces economic growth through higher savings and higherlabor force participation; ii) longevity-induced reductions in fertility hampereconomic development; iii) the positive life expectancy effects of larger savingsand higher labor force participation outweigh the negative effect of a reductionin fertility, and iv) there exists a growth-maximizing size of the health caresector that might lie beyond what is observed in most countries. Altogether, the results support a rather optimistic view on the relationship between lifeexpectancy and economic growth and contribute to the debate surroundingrising health shares and economic development.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/230610
    Schriftenreihe: Hohenheim discussion papers in business, economics and social sciences ; 2021, 01
    Schlagworte: Wirtschaftswachstum; Forschung und Entwicklung; Gesundheitswesen; Lebenserwartung; Long-run growth; horizontal innovation; increasing life expectancy; welfare effects of changing longevity; size of health-care sectors
    Umfang: 1 Online-Ressource (27 Seiten), Diagramme
  2. The scientific revolution and its role in the transition to sustained economic growth
    Autor*in: Lehmann-Hasemeyer, Sibylle H.; Prettner, Klaus; Tscheuschner, Paul
    Erschienen: [2020]
    Verlag:  University of Hohenheim, Dean's Office of the Faculty of Business, Economics and Social Sciences, Stuttgart, Germany

    We propose a Unified Growth model that analyzes the role of the Scienti fic Revolution in the takeoff to sustained modern economic growth. Basic scientific knowledge is a necessary input in the production of applied knowledge, which, in turn, fuels... mehr

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 221
    Fernleihe:
    keine Fernleihe

    Standort:
    Kommunikations-, Informations- und Medienzentrum der Universität Hohenheim
    Fernleihe:
    keine Fernleihe

     

    We propose a Unified Growth model that analyzes the role of the Scienti fic Revolution in the takeoff to sustained modern economic growth. Basic scientific knowledge is a necessary input in the production of applied knowledge, which, in turn, fuels productivity growth and leads to rising incomes. Eventually, rising incomes instigate a fertility transition and a takeoff of educational investments and human capital accumulation. In regions where scientific inquiry is severely constrained (for religious reasons or because of oppressive rulers), the takeoff to modern growth is delayed or might not occur at all. The novel mechanism that we propose for the latent transition towards the takeoff could contribute to our understanding of why sustained growth emerged first in Europe.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/216203
    Schriftenreihe: Hohenheim discussion papers in business, economics and social sciences ; 2020, 06
    Schlagworte: Wissenschaftliche Revolution; Industrielle Revolution; Grundlagenforschung; Angewandte Wissenschaften; Wirtschaftswachstum; Nachhaltigkeit
    Umfang: 1 Online-Ressource (33 Seiten), Illustrationen
  3. Longevity-induced vertical innovation and the tradeoff between life and growth
    Autor*in: Baldanzi, Annarita; Prettner, Klaus; Tscheuschner, Paul
    Erschienen: 12.12.2017
    Verlag:  University of Hohenheim, Faculty of Business, Economics and Social Sciences, Research Area INEPA, Stuttgart, Germany

    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... mehr

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 221 (2017,31)
    Fernleihe:
    keine Fernleihe

    Standort:
    Kommunikations-, Informations- und Medienzentrum der Universität Hohenheim
    Fernleihe:
    keine Fernleihe

     

    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 are discounted by the endogenous market interest rate, this raises the net present value of innovations, which, in turn, fosters R&D. The associated increase in the employment of scientists leads to faster technological progress and a higher long-run economic growth rate. From a welfare perspective, we show that the direct effect of an increase in life expectancy on lifetime utility is much larger than the indirect effect of the induced higher consumption due to faster economic growth. Consequently, the debate on rising health care expenditures should not predominantly be based on the growth effects of health care.

     
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    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/172318
    Schriftenreihe: Hohenheim discussion papers in business, economics and social sciences ; Discussion paper 31-2017
    Schlagworte: Langlebigkeit; Wachstumstheorie;
    Umfang: 1 Online-Ressource (19 Seiten)