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Longevity, Human Capital and Domestic Investment

Author

Listed:
  • Francisco Parro

    () (Universidad Adolfo Ibáñez)

  • Patricio Valenzuela

    () (Universidad de Chile)

Abstract

This article explores the interaction between aggregate initial human capital, life expectancy and domestic investment. The article introduces a simple model that predicts that the positive effect of life expectancy on the domestic investment rate is mitigated in economies with a higher level of initial human capital. Using a large panel of countries over the past five decades, the article presents empirical evidence consistent with the main prediction of the model.

Suggested Citation

  • Francisco Parro & Patricio Valenzuela, 2018. "Longevity, Human Capital and Domestic Investment," Economics Bulletin, AccessEcon, vol. 38(3), pages 1547-1553.
  • Handle: RePEc:ebl:ecbull:eb-18-00588
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    File URL: http://www.accessecon.com/Pubs/EB/2018/Volume38/EB-18-V38-I3-P146.pdf
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    References listed on IDEAS

    as
    1. Daron Acemoglu & Simon Johnson, 2007. "Disease and Development: The Effect of Life Expectancy on Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 115(6), pages 925-985, December.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Domestic investment; Life expectancy; Human capital;

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • J1 - Labor and Demographic Economics - - Demographic Economics

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