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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
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: …
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