Endogenous longevity, biological deterioration and economic growth

Marcos Sanso () and Rosa M. A�sa
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Marcos Sanso: Department of Economic Analysis. Facultad de Ciencias Econ�micas y Empresariales. University of Zaragoza
Rosa M. A�sa: Department of Economic Analysis. Facultad de Ciencias Econ�micas y Empresariales. University of Zaragoza

Documentos de Trabajo from Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza

Abstract: The identification of the types of bidirectional interactions that take place between longevity and economic growth in the long-run is carried out by means of the integration of human capital accumulation, innovation in medical technology, a health goods sector, and individual decisions on health and longevity in a dynamic general equilibrium set-up. In this context, in which individual agents decide not only on their �quality� of life but also on its �quantity�, the mere process of biological deterioration, that is to say, the continuous loss of health goods effectiveness in maintaining a given level of health as individuals age, provides the reason for an additional, and new, engine of growth.

Keywords: Biological deterioration; Health; Health goods; Endogenous longevity; Endogenous growth (search for similar items in EconPapers)
JEL-codes: I1 O3 O4 (search for similar items in EconPapers)
Date: 2005-10
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:zar:wpaper:dt2005-10

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