Arbeitspapier
Children's health, human capital accumulation, and R&D-based economic growth
We analyze the effects of children's health on human capital accumulation and on long-run economic growth. For this purpose we design an R&D-based growth model in which the stock of human capital of the next generation is determined by parental education and health investments. We show that i) there is a complementarity between education and health: if parents want to have better educated children, they also raise health investments and vice versa; ii) parental health investments exert an unambiguously positive effect on long-run economic growth, iii) faster population growth reduces long-run economic growth. These results are consistent with the empirical evidence for modern economies in the twentieth century.
- Sprache
-
Englisch
- Erschienen in
-
Series: Hohenheim Discussion Papers in Business, Economics and Social Sciences ; No. 01-2017
Health and Economic Development
Education and Economic Development
Demographic Economics: General
Innovation; Research and Development; Technological Change; Intellectual Property Rights: General
One, Two, and Multisector Growth Models
Education
Fertility
Economic Growth
Technological Progress
Long-run Economic Development
Bucci, Alberto
Prettner, Klaus
- Handle
- URN
-
urn:nbn:de:bsz:100-opus-13290
- Letzte Aktualisierung
-
12.07.2024, 13:20 MESZ
Objekttyp
- Arbeitspapier
Beteiligte
- Baldanzi, Annarita
- Bucci, Alberto
- Prettner, Klaus
- Universität Hohenheim, Fakultät Wirtschafts- und Sozialwissenschaften
Entstanden
- 2017