The present paper takes a fresh theoretical and empirical look into the relationship between Wagner`s law and economic development. It introduces human capital into a classic two-sector model of unbalanced growth. It shows that, as an economy develops, changes in the relative returns to human...

We explore the relationship between government size and economic growth in an endogenous growth model with human capital and an unproductive capital which facilitates rent-seeking. With exogenous as well as endogenous time discounting, we find a non-monotonic relationship between the size of...

Der vorliegende Sammelband enthält ausgewählte Beiträge des sechsten Duisburg-Ilmenau-Bayreuther Oberseminars zur Gesundheitsökonomie und Sozialpolitik (DIBOGS). Dieser Workshop hat vom 29. bis 31. Oktober 2009 in Berlin stattgefunden. Ein Schwerpunkt des vierten Bandes dieser Schriftenreihe...

This paper tests the hypothesis that in a market economy investment in physical capital follows investment in schooling. It presents empirical evidence that in periods since the 19th century when global financial capital was widely available, increases in each nation's physical capital stock and...