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We analyze the economic growth effects of rising longevity in a framework of endogenous growth driven by quality-improving innovations. We show that a rise in longevity raises savings and thereby reduces the market interest rate. Since the monopoly profits generated by a successful innovation...
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generations. Health care increases longevity and labor participation/productivity. We examine under which conditions expanding …
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generations. Health care increases longevity and labor participation/productivity. We examine under which conditions expanding …
Persistent link: https://www.econbiz.de/10010358148
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impacts upon technological progress and thereby also on productivity growth. The empirical results clearly confirm the … detrimental to economic prosperity, at least as far as technological progress and productivity growth are concerned. …
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Conventional R&D-based growth theory argues that productivity growth is driven by population growth but the data … suggest that the erstwhile positive correlation between population and productivity turned negative during the 20th century … explains why in modern economies high growth of productivity and income is associated with low or negative population growth …
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