We study the effects of a labor-intensive health care sector within an R&D-driven growth model with overlapping generations. Health care increases longevity and labor participation/productivity. We examine under which conditions expanding health care enhances growth and welfare. Even if the...

Many cross-country studies acknowledge the indispensable role of institutions in promoting economic growth and in sustaining economic development. So, their emphases have shifted to determine the most influential institution(s) in order to be specific. While these papers are widespread in the...

The importance of political local coalitions in shaping local governance structures conducive to economic growth has been a subject of research for numerous years, both in rich economies as well as in emerging countries. In spite of such amount of research, little attention has yet been paid to...