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

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  • Tiago Sequeira

    (Univ Beira Interior, Univ Nova de Lisboa)

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).

Suggested Citation

  • Tiago Sequeira, 2004. "Mortality Rate and Property Rights in a Model with Human Capital and R&D," Development and Comp Systems 0408010, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpdc:0408010
    Note: Type of Document - pdf; pages: 35
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    More about this item

    Keywords

    Institutions; Incentives; Economic Growth; Economic Development; Industrial Revolutions;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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