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Fernández-Villaverde, Jesús; Ohanian, Lee E.; Yao, Wen - 2023

This paper studies China's four-fold increase in per capita GDP relative to the U.S. between 1995 and 2019. First, we argue that China's growth pattern is very similar to that of several other East Asia economies that initially grew very quickly. Second, we show that a minimalist...

Persistent link: https://www.econbiz.de/10014293308

Do cost-sharing and entry deregulation curb pharmaceutical Innovation?

Grossmann, Volker - 2011

pharmaceutical R&D expenditure, drug prices, aggregate productivity, and income. The analysis suggests that both an increase in the …-sharing and entry barriers in the pharmaceutical sector also affect aggregate productivity and wage rates. -- aggregate … productivity ; cost-sharing ; entry deregulation ; health insurance ; pharmaceutical innovation …

Persistent link: https://www.econbiz.de/10009124148

Growth and welfare under endogenous lifetime

Schneider, Maik T.; Winkler, Ralph - 2017 - This Version: February 2017

We study the role of endogenous healthcare choices by households to extend their expected lifetimes on economic growth and welfare in a decentralized overlapping generations economy with the realistic feature that households' savings are held in annuities. We characterize healthcare spending in...

Persistent link: https://www.econbiz.de/10011611936

Health and economic growth : reconciling the micro and macro evidence

Bloom, David E.; Canning, David; Kotschy, Rainer; … - 2022

Economists use micro-based and macro-based approaches to assess the macroeconomic return to population health. The macro-based approach tends to yield estimates that are either negative and close to zero or positive and an order of magnitude larger than the range of estimates derived from the...

Persistent link: https://www.econbiz.de/10013262768

Strategic interaction in the market for physician services : the treadmill effect in a fixed budget system

Benstetter, Franz; Wambach, Achim - 2001

We examine the strategic interaction in the market for physician services when the total budget for reimbursement is fixed. We show that this prospective payment system involves { compared to a fee-for-service remuneration system { a severe coordination problem, which potentially leads to the...

Persistent link: https://www.econbiz.de/10011398025

Medical innovations and ageing : a health economics perspective

Grossmann, Volker - 2021

This paper discusses the relationship between medical innovations and ageing from a health economics perspective and surveys empirical evidence on medical R&D incentives, R&D costs of pharmaceuticals, and the cost-effectiveness of health innovations. Particular focus is on the endogeneity of...

Persistent link: https://www.econbiz.de/10012653346

R&D-driven medical progress, health care costs, and the future of human longevity

Böhm, Sebastian; Grossmann, Volker; Strulik, Holger - 2018

In this paper we set up an overlapping generations model of gerontological founded human aging that takes the interaction between R&D-driven medical progress and access to health care into account. We use the model to explore potential futures of human health and longevity. For the baseline...

Persistent link: https://www.econbiz.de/10011794846

Productive government expenditure and economic growth

Irmen, Andreas (contributor); Kuehnel, Johanna (contributor) - 2008

Persistent link: https://www.econbiz.de/10003712517

International capital market integration, educational choice and economic growth

Egger, Hartmut; Egger, Peter; Falkinger, Josef; … - 2005

things equal. Increased participation in higher education enhances productivity progress and is accompanied by rising wage …

Persistent link: https://www.econbiz.de/10003299332

Technological growth and hours in the long run : theory and evidence

Reif, Magnus; Tesfaselassie, Mewael F.; Wolters, Maik H. - 2021

Over the last decades, hours worked per capita have declined substantially in many OECD economies. Using a neoclassical growth model with endogenous work-leisure choice, we assess the role of trend growth slowdown in accounting for the decline in hours worked. In the model, a permanent reduction...

Persistent link: https://www.econbiz.de/10012546895

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