Mortality Rate and Property Rights in a Model with Human Capital and R&D

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Mortality Rate and Property Rights in a Model with Human Capital and R&D

Author Info

Tiago Sequeira (Univ Beira Interior, Univ Nova de Lisboa)

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Tiago Neves Sequeira

Abstract

We use a set of established growth models, which simultaneously include human capital and R&D, to show that the effect of mortality rate in human capital accumulation is quantitatively more important than the effect of perfectly guaranteed patents on research. First, we show that the effect of mortality rate on human capital accumulation productivity may explain differences in growth paths and development levels across countries, accounting for the main features of economic development of the industrialized world in the last two centuries. Then, we explicitly compare the two types of expropriation (mortality rate and uncertainty in property rights).

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Paper provided by EconWPA in its series Development and Comp Systems with number 0408010.

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Length: 35 pages
Date of creation: 10 Aug 2004
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Handle: RePEc:wpa:wuwpdc:0408010

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Paper
- Sequeira, Tiago Neves, 2004. "Mortality Rate and Property Rights in a Model with Human Capital and R&D," FEUNL Working Paper Series wp455, Universidade Nova de Lisboa, Faculdade de Economia. [Downloadable!]

Find related papers by JEL classification:
O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
O17 - Economic Development, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

This paper has been announced in the following NEP Reports:

NEP-ALL-2004-08-16 (All new papers)
NEP-HEA-2004-08-16 (Health Economics)

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repec:bep:macadv:v:1:y:2001:i:advances/1/2:p:1028-1028 is not listed on IDEAS
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