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We analyze the effects of children's health on human capital accumulation and on long-run economic growth. For this … purpose we design an R&D-based growth model in which the stock of human capital of the next generation is determined by … parental education and health investments. We show that i) there is a complementarity between education and health: if parents …
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We analyze the effects of children's health on human capital accumulation and on long-run economic growth. For this … purpose we design an R&D-based growth model in which the stock of human capital of the next generation is determined by … parental education and health investments. We show that i) there is a complementarity between education and health: if parents …
Persistent link: https://www.econbiz.de/10011610766
productivity growth. We find that only a fully endogenous growth model with purposeful investment in human capital, an input in the …) that the relationships between population and economic growth rates and between PMC and economic growth are non … determining the sign of these correlations, and the possible complementarity between two key variables in economic growth. …
Persistent link: https://www.econbiz.de/10011124089
In this paper we build an endogenous growth model where human capital and ideas are complements in the long … the complementarity hypothesis, multiple steady states emerge. Secondly, growth does not depend on the scale of the … ideas are perfect complements, product market competition is unambiguously bad for growth. eywords: …
Persistent link: https://www.econbiz.de/10011608626
This paper studies the economic determinants of the inter-sectoral allocation of skills within an R&Dbased growth model … with human capital accumulation. I find that steady-state growth is driven only by incentives to accumulate skills and is … independent of scale effects. In the model imperfect competition has a positive growth effect, while influencing the allocation of …
Persistent link: https://www.econbiz.de/10005007240
This paper studies the economic determinants of the inter-sectoral allocation of skills within an R&Dbased growth model … scale in human capital, I find that steady-state growth is driven only by skills accumulation and is independent of scale … effects. In the model imperfect competition has no growth effect, while influencing the allocation of human capital to the …
Persistent link: https://www.econbiz.de/10005007270