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Economic Growth, Scientific Progress And The Life Expectancy Increase

Author

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  • Massimo Tamberi

    (Dipartimento di Scienze Economiche e Sociali - Universita' Politecnica delle Marche)

Abstract

This paper is about the evidence of the long run increase of life expectancy, and its relationship i with the process of economic growth. The spirit in mainly empiric, but part of the empirical analysis is based on a simple model. The analysis proceeds through several steps, providing different new results, two of which are worth highlighting. First, it is considered an implicit elasticity of life expectancy to income "at the frontier"; this long-term elasticity is necessarily decreasing and a measure is provided, suggesting that it may represent a decrease in the incentive for economic growth. Second, through econometric estimations, the impact of the determinants of life expectancy is provided, distinguishing between "transitional" and "permanent" determinants. The latter is identified by scientific advancements (in medicine-related fields), and the result suggests their impact on life expectancy still appears sustained and not diminishing.

Suggested Citation

  • Massimo Tamberi, 2022. "Economic Growth, Scientific Progress And The Life Expectancy Increase," Working Papers 465, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    • Handle: RePEc:anc:wpaper:465
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    File URL: http://docs.dises.univpm.it/web/quaderni/pdf/465.pdf
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    References listed on IDEAS

    as
    1. Philippe Aghion & Benjamin F. Jones & Charles I. Jones, 2018. "Artificial Intelligence and Economic Growth," NBER Chapters, in: The Economics of Artificial Intelligence: An Agenda, pages 237-282, National Bureau of Economic Research, Inc.
    2. David N. Weil, 2015. "A Review of Angus Deaton's The Great Escape: Health, Wealth, and the Origins of Inequality," Journal of Economic Literature, American Economic Association, vol. 53(1), pages 102-114, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Life expectancy frontier; Preston curve; Technical progress;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development

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