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Life expectancy and economic growth : the role of the demographic transition
Cervellati, Matteo; Sunde, Uwe - 2009
In this paper we investigate the causal effect of life expectancy on economic growth by explicitly accounting for the role of the demographic transition. In addition to focusing on issues of empirical identification, this paper emphasizes the role of the econometric specification. We present a...
Persistent link: https://www.econbiz.de/10003837588
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The economic and demographic transition, mortality, and comparative development
Cervellati, Matteo; Sunde, Uwe - 2013
We propose a unified growth theory to investigate the mechanics generating the economic and demographic transition, and the role of mortality differences for comparative development. The framework can replicate the quantitative patterns in historical time series data and in contemporaneous...
Persistent link: https://www.econbiz.de/10009708703
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Modern infectious diseases: macroeconomic impacts and policy responses
Bloom, David E.; Kuhn, Michael; Prettner, Klaus - 2020
We discuss and review literature on the macroeconomic effects of epidemics and pandemics since the late 20th century. First, we cover the role of health in driving economic growth and well-being and discuss standard frameworks for assessing the economic burden of infectious diseases. Second, we...
Persistent link: https://www.econbiz.de/10012271478
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Human capital formation, life expectancy and the process of economic development
Cervellati, Matteo; Sunde, Uwe - 2003 - (Updated May 2003)
This paper presents a non-Malthusian theory of long-term development We model the interplay between the process of human capital formation, technological progress, and the biological constraint of finite lifetime expectancy. All these processes are interdependent and determined endogenously. The...
Persistent link: https://www.econbiz.de/10011413569
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Religion and growth
Becker, Sascha O.; Rubin, Jared; Woessmann, Ludger - 2023
We use the elements of a macroeconomic production function - physical capital, human capital, labor, and technology - together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue that religion can enhance or impinge upon economic...
Persistent link: https://www.econbiz.de/10014391202
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Changes in China's wage structure
Ge, Suqin; Yang, Dennis Tao - 2012
Using a national sample of Urban Household Surveys, we document several profound changes in China's wage structure during a period of rapid economic growth. Between 1992 and 2007, the average real wage increased by 202 percent, accompanied by a sharp rise in wage inequality. Decomposition...
Persistent link: https://www.econbiz.de/10009536495
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Rebalancing growth in Asia
Prasad, Eswar S. - 2009
region. In terms of sheer magnitudes, China's national savings and current account surpluses dominate the region's saving-investment …. -- Growth contributions ; national savings and investment ; current account balance ; welfare consequences of growth … growth. Investment growth has dominated GDP growth in China during this decade but is also important in the cases of India …
Persistent link: https://www.econbiz.de/10003879333
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The role of demographics in precipitating crises in financial institutions
Macunovich, Diane J. - 2009
There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...
Persistent link: https://www.econbiz.de/10003900319
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Constructing BEA highways and streets net wealth stocks with detailed types of investment and engineering-based estimates of depreciation
Fraumeni, Barbara M.; Kornfeld, Robert - 2024
Highway Administration Highway Statistics data to disaggregate investment in highways and streets into more detailed types to … produce updated estimates of net wealth stocks and depreciation. Major components of highways and streets other than pavement … engineering-based depreciation patterns are very dissimilar to the BEA patterns. The engineering-based net wealth pavement stock …
Persistent link: https://www.econbiz.de/10014584337
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Inequality of opportunity and economic growth : a cross-country analysis
Ferreira, Francisco H. G.; Lakner, Christoph; Ana Lugo, … - 2014
associated with faster economic growth, other kinds, arising from unequal opportunities for investment, might be detrimental to …
Persistent link: https://www.econbiz.de/10010364975