Growth and welfare effects of health care in knowledge-based economies

Kühn, Michael; Prettner, Klaus

doi:10.1016/j.jhealeco.2016.01.009

Cited by 58 publications

(88 citation statements)

References 79 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Consequently, changing longevity affects the period fertility rate but leaves the cohort fertility rate and hence households' fertility decisions unaffected (see Kuhn and Prettner, 2012, for formal proof).…”

Section: Basic Assumptionsmentioning

confidence: 99%

“…Our contribution therefore relates most closely to the R&D-based growth literature that studies the determinants of technological progress and productivity growth as equilibrium market outcomes resulting from the interaction of utility-maximizing individuals and profitmaximizing firms. 1 To analyze our research question from a theoretical perspective, we follow Kuhn and Prettner (2012), Prettner and Trimborn (2012), and Prettner (2013) in proposing a framework of R&D-based endogenous economic growth according to Romer (1990) with a demographic structure of overlapping generations in the spirit of Blanchard (1985). Our main theoretical finding suggests that increasing longevity positively affects technological progress and therefore productivity growth.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Longevity and Technological Change

Gehringer

Prettner

2017

Macroecon. Dynam.

Self Cite

View full text Add to dashboard Cite

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may AbstractWe analyze the impact of increasing longevity on technological progress within an R&D-based endogenous growth framework and test the model's implications on OECD data from 1960 to 2011. The central hypothesis derived in the theoretical part is that -by raising the incentives of households to invest in physical capital and in R&D -decreasing mortality positively impacts upon technological progress and thereby also on productivity growth. The empirical results clearly confirm the theoretical prediction which implies that the ongoing demographic changes in industrialized economies are not necessarily detrimental to economic prosperity, at least as far as technological progress and productivity growth are concerned.

show abstract

Section: Basic Assumptionsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Longevity and Technological Change

Gehringer

Prettner

2017

Macroecon. Dynam.

Self Cite

View full text Add to dashboard Cite

show abstract

“…For an assessment of the interplay between health-related and conventional R&D, see Jones (2016). For an analysis of the (reverse) role of economic growth in the willingness to pay for health and health care, see Hall and Jones (2007), Jones (2016), Jones and Klenow (2016), Kuhn and Prettner (2016), and Frankovic and Kuhn (2018a). For the effects of inequality on health and for recent decreases in life expectancy in the United States, see Chetty et al (2016), and Case and Deaton (2017).…”

Section: Acknowledgmentmentioning

confidence: 99%

Health and Economic Growth

Bloom¹,

Kühn²,

Prettner³

2019

Oxford Research Encyclopedia of Economics and Finance

Self Cite

View full text Add to dashboard Cite

The strong observable correlation between health and economic growth is crucial for economic development and sustained well-being, but the underlying causality and mechanisms are difficult to conceptualize. Three issues are of central concern. First, assessing and disentangling causality between health and economic growth are empirically challenging. Second, the relation between health and economic growth changes over the process of economic development. In less developed countries, poor health often reduces labor force participation, particularly among women, and deters investments in education such that fertility stays high and the economy remains trapped in a stagnation equilibrium. By contrast, in more developed countries, health investments primarily lead to rising longevity, which may not significantly affect labor force participation and workforce productivity. Third, different dimensions of health (mortality vs. morbidity, children’s and women’s health, and health at older ages) relate to different economic effects. By changing the duration and riskiness of the life course, mortality affects individual investment choices, whereas morbidity relates more directly to work productivity and education. Children’s health affects their education and has long-lasting implications for labor force participation and productivity later in life. Women’s health is associated with substantial intergenerational spillover effects and influences women’s empowerment and fertility decisions. Finally, health at older ages has implications for retirement and care.

show abstract

“…Alongside these studies, Tang (2011) has found bidirectional causality relationship between these variables on Malaysia over the period . In addition, Kuhn and Prettner (2012) found that the employment in the US health sectors has increased growth rate over the period 2008-2012. They stated that countries with a high share of health spending have a higher growth rate compared to others.…”

Section: Review Of Literaturementioning

confidence: 99%

The Relationship Between Health and Growth in Eurasian Economic Union*

Kuloğlu¹,

Topçu²

2016

EJEF

View full text Add to dashboard Cite

This paper examines the long run and causal relationship between health expenditures and economic growth in the in Eurasian Economic Union over the period 1995-2014. For this examination, panel cointegration and causality methodologies are utilized. Cointegration results which obtained from Pedroni and Kao tests support an evidence of a long run relationship among the variables under investigation. Long run elasticities indicate that health expenditures affect growth positively. Causality results, on the other side, provide a strong support of a bidirectional running between health expenditures and economic growth both in the short and in the long run.

show abstract

Growth and welfare effects of health care in knowledge-based economies

Cited by 58 publications

References 79 publications

Longevity and Technological Change

Longevity and Technological Change

Health and Economic Growth

The Relationship Between Health and Growth in Eurasian Economic Union*

Contact Info

Product

Resources

About