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ResearchPaper
2017

Children’s health, human capital accumulation, and R&D-based economic growth

Abstract (English)

We analyze the effects of childrens 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.

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Publication series

Hohenheim discussion papers in business, economics and social sciences; 2017,01

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Faculty
Faculty of Business, Economics and Social Sciences
Institute
Institute of Economics

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ISBN

Language
English

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Classification (DDC)
330 Economics

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BibTeX

@techreport{Baldanzi2017, url = {https://hohpublica.uni-hohenheim.de/handle/123456789/6120}, author = {Baldanzi, Annarita and Bucci, Alberto and Prettner, Klaus et al.}, title = {Children’s health, human capital accumulation, and R&D-based economic growth}, year = {2017}, school = {Universität Hohenheim}, series = {Hohenheim discussion papers in business, economics and social sciences}, }