Economists have shown that investments in science and technology (S&T) have an important impact on country's economic growth and productivity gains. Nowadays there is no doubt of the importance in providing public funding for S&T activities. Public policies have been oriented to provide...

Este trabajo presenta una discusión acerca de los retornos a la inversión en educación y de su estimación para el caso colombiano. El marco teórico esta dado por la literatura del capital humano en educación, los aspectos de estimación de dichos retornos, los problemas de omitir en la...

From the Choice Theory we considered the way in which certain population characteristics affect the households health expenditure in Colombia. The approach of this paper is based on Deaton’s work (1980), where the choice set of the individuals is the intercession of the budgetary set and the...

ABSTRACT This paper tries to find empirical evidence of the health determinants, as a measure of health capital in a developing country after a deep reform of its health-care sector. It follows the Grossman model (1972) and also takes, besides individual and socioeconomic variables,...

The new theories of economic growth and developments in health economics have both suggested a reciprocal relationship between health and growth. Questions such as the contribution of health to growth are recent in the research agenda of economists. The challenge lies in uniting these two...