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We explore optimal health subsidies in a dynastic model with health externalities to productivity that cause low health spending, productivity, longevity, savings and labor but high fertility. Public or firms’ health subsidies increase health spending, longevity and productivity and decrease...
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skill choice and dynamic efficiency of the steady-state equilibrium. Those adults sacrificing working time for skill … economy choose the right mix of skills while at the same time maintaining the dynamic efficiency of the steady …
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The paper analyses the causal effect of capital subsidies on firms' efficiency and productivity by exploiting the … the roles of technical progress and technical efficiency change, or scale and allocative efficiency change as determinants … evolves over time, enabling to decompose productivity changes into the change in technical efficiency (i.e., measuring the …
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