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Endogenous longevity, health and economic growth: a slow growth for a longer life?

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  • Rosa Aísa

    ()
    (Departamento de Análisis Económico)

  • Fernando Pueyo

    ()
    (Departamento de Análisis Económico)

Abstract

We establish a theoretical set-up that is able to endogenously integrate growth and longevity. Our model captures three links between them: a longer life expectancy results in an increase in savings as well as an increase in the workforce, but health and growth compete for resources. We find that the key element is the response of longevity to an increase in health resources. Our model suggests that the first two links could be the most important in poor countries, which could explain their experience of simultaneous increases in growth and life expectancy. The reverse result may apply for developed countries.

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Bibliographic Info

Article provided by AccessEcon in its journal Economics Bulletin.

Volume (Year): 9 (2004)
Issue (Month): 3 ()
Pages: 1-10

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Handle: RePEc:ebl:ecbull:eb-03i10002

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Keywords: Government Spending;

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Cited by:
  1. Azomahou, Théophile & Boucekkine, Raouf & Diene, Bity, 2008. "A Closer Look at the Relationship Between Life Expectancy and Economic Growth," MERIT Working Papers 027, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  2. Pierre Pestieau & Gregory Ponthiere & Motohiro Sato, 2008. "Longevity, Health Spending, and Pay-as-you-Go Pensions," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 64(1), pages 1-18, March.
  3. Michael Kuhn & Klaus Prettner, 2012. "Growth and Welfare Effects of Health Care in Knowledge Based Economies," Working Papers 1206, Vienna Institute of Demography (VID) of the Austrian Academy of Sciences in Vienna.
  4. Raouf, BOUCEKKINE & Bity, DIENE & Theophile, AZOMAHOU, 2006. "The Growth economics of epidemics," Discussion Papers (ECON - Département des Sciences Economiques) 2006021, Université catholique de Louvain, Département des Sciences Economiques.
  5. Francesco Ricci & Marios Zachariadis, 2006. "Determinants of Public Health Outcomes: A Macroeconomic Perspective," DEGIT Conference Papers c011_045, DEGIT, Dynamics, Economic Growth, and International Trade.
  6. Nathalie Mathieu-Bolh & Xavier Pautrel, 2014. "Environmental taxation, health and the life-cycle," Working Papers hal-00990256, HAL.
  7. Suhrcke, Marc & Pelgrin, Florian & Oliveira Martins, Joaquim & Dormont, Brigitte, 2007. "Health expenditures, longevity and growth," Economics Papers from University Paris Dauphine 123456789/3882, Paris Dauphine University.
  8. Bhattacharya, Joydeep & Qiao, Xue, 2005. "Public and Private Expenditures on Health in a Growth Model," Staff General Research Papers 12378, Iowa State University, Department of Economics.
  9. Natacha Raffin & Thomas Seegmuller, 2014. "The Cost of Pollution on Longevity, Welfare and Economic Stability," AMSE Working Papers 1433, Aix-Marseille School of Economics, Marseille, France, revised 16 Jul 2014.
  10. Mikkel Nørlem Hermansen, 2011. "Non-Existence of Steady State Equilibrium in the Neoclassical Growth Model with a Longevity Trend," Economics Working Papers 2011-04, School of Economics and Management, University of Aarhus.
  11. Gregory Ponthiere, 2006. "Growth, Longevity and Public Policy," CESifo Working Paper Series 1780, CESifo Group Munich.
  12. Xavier Pautrel, 2009. "Health-enhancing activities and the environment:How competition for resources make the environmental policy beneficial," Working Papers hal-00423323, HAL.
  13. PESTIEAU, Pierre & PONTHIÈRE, Grégory & SATO, Motohiro, 2006. "Longevity and Pay-as-you-Go pensions," CORE Discussion Papers 2006054, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

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