This paper compares public health care with private health insurance in an overlapping generations endogenous growth model. It is shown that economic growth is higher when there is a private health insurance.

Hamburg konnte - insbesondere in den Jahren zwischen 2000 und 2008 - stark vom Wachstum des internationalen Handels profitieren. Das rapide Wachstum des Welthandels der vergangenen Jahrzehnte wurde neben der Öffnung der Schwellenländer für Handelsvereinbarungen auch durch eine Vielzahl von...

Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a generalised augmented Solow-type growth model, yields some answers to this question. In particular, we show that the impact of unemployment on productivity growth heavily depends...

On the basis of economic theory, what effects can globalisation be expected to have on trade and growth? Does the empirical evidence support this? What developments will the next phase of globalisation bring?