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

FEUNL Working Paper Series from Universidade Nova de Lisboa, Faculdade de Economia

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).

Keywords: Institutions; Incentives; Economic Growth; Economic Development; Industrial Revolutions (search for similar items in EconPapers)
JEL-codes: O10 O11 O17 P14 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hea
Date: Written 2004
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Related works:
Working Paper: Mortality Rate and Property Rights in a Model with Human Capital and R&D (2004)
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