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natural resource abundance and economic growth. It shows empirically that resource-rich countries appear to have a less …
Persistent link: https://www.econbiz.de/10010336252
growth across the globe. In a large sample of countries, equality in the distribution of income as measured by the World Bank … and by The Standardized World Income Inequality Database are seen to be correlated with economic diversification, the rule … in the World Values Survey, and democracy, all of which are good for growth as reflected in the purchasing power of per …
Persistent link: https://www.econbiz.de/10011966802
economic growth, which is the focal point of another literature. Combining both perspectives, we develop an endogenous growth … OLG-framework to investigate how longevity affects economic growth and welfare. In our model, life expectancy is … determined endogenously by individuals' investments in healthcare. In our benchmark specification growth effects are small, but …
Persistent link: https://www.econbiz.de/10010337884
We study the effects of a labor-intensive health care sector within an R&D-driven growth model with overlapping … health care enhances growth and welfare. Even if the provision of health care diverts labor from productive activities, it … may still fuel R&D and economic growth if the additional wealth that comes with expanding longevity translates into a more …
Persistent link: https://www.econbiz.de/10010338973
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