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We examine the investment rule that must be satisfied by an efficient and egalitarian path in a discrete-time version of the Dasgupta-Heal-Solow model of capital accumulation and resource depletion. In the discrete-time model, competitive valuation of net investments in terms of early and late...
Persistent link: https://www.econbiz.de/10012908689
This article analyzes the effect of public policy intervention in the production of health capital on fertility …, private investment in children's health and education and human capital accumulation. I have used a growth model with … an additional factor that affects children's human capital, which is health. I analyze the overall society-wide effect of …
Persistent link: https://www.econbiz.de/10012840695
sustainability outcomes? We approach this question by looking at the evolution of fiscal sustainability in Poland, which is an … fiscal sustainability in Poland has significantly improved in the post-crisis period of 2009-2017: we detect both improvement … of the fiscal sustainability parameters and structural breaks in the fiscal outcomes after the crisis. Namely, in …
Persistent link: https://www.econbiz.de/10012908672
In this paper, I demonstrate that an indicator which is commonly used to assess the long-term fiscal sustainability of … than the growth rate of GDP. I illustrate this finding based on simulations prepared for the Fifth Sustainability Report … sustainability, e.g., through demographic ageing …
Persistent link: https://www.econbiz.de/10013249654
We evaluate the impact of government spending efficiency on fiscal sustainability for a panel of 35 OECD countries … the input efficiency scores obtained, countries’ fiscal balance and fiscal sustainability is directly improved by the use … revenues, which also improves fiscal sustainability. Specifically, rationalising public expenditures without jeopardising the …
Persistent link: https://www.econbiz.de/10013289691
We examine the sustainability of public finances and its determinants for 19 Eurozone countries from 1995 to 2020. We …-varying coefficients, we find that fiscal sustainability increases with growth, fiscal balances and fiscal rules indices, and decreases …
Persistent link: https://www.econbiz.de/10013296248
specifically on their degree of success, notably in terms of fiscal sustainability. The “need” to consolidate is based on having a … primary balance above or below the debt-stabilizing primary balance (provided by the IMF’s Debt Sustainability Analysis) for … each country. We then link the need for and the actual (historical) existence of fiscal adjustments to their sustainability …
Persistent link: https://www.econbiz.de/10013296715
Using an overlapping generations model, two new indicators of public pension system sustainability are proposed: the …
Persistent link: https://www.econbiz.de/10014347982
unimodal one, the evolution of the health distribution has preceded that of income, global inequality and poverty has decreased …, global inequality and poverty would be substantially underestimated if the dependence between the income and health …
Persistent link: https://www.econbiz.de/10010264413
Using data from the Health Survey for England and the English Longitudinal Study on Ageing, we estimate the causal … effect of schooling on health. Identification comes from two nation wide increases in British compulsory school leaving age … exogenous variation in schooling by using biomarkers as measures of health outcomes in addition to self-reported measures. We …
Persistent link: https://www.econbiz.de/10010270516