We consider an endogenous growth model with Blanchard-Yaari-type overlapping generations that is built around four sectors: final and intermediate goods production, an R&D sector and a health care sector. Health care serves to lower mortality and morbidity, the latter being related to...

This volume provides an understanding of firms' R&D and innovation strategies and their economy-wide consequences. It is based on the premise that differences in firm-level returns, as well as economy-wide outcomes, may be linked to the heterogeneous ways in which firms organize and undertake...

Objectives, background, context -- Population trends in China and India: -- Demographic dividend or demographic drag? -- China-India: a macroeconomic assessment -- Science and technology -- Chinese & Indian defense and defense procurement spending to 2025 -- Conclusions and implications --...

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...

Durch die anstehende Revision der Volkswirtschaftlichen Gesamtrechnungen rechnet sich auch Deutschland reicher: Das Bruttoinlandsprodukt wird merklich höher ausfallen, wie schon bei den früheren Revisionen, und auch das Anlagevermögen nimmt rechnerisch deutlich zu. Bedeutsam hierfür ist die...