ECONOMIC GROWTH, SCIENTIFIC PROGRESS AND THE LIFE EXPECTANCY INCREASE

Massimo Tamberi

No 465, Working Papers from Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali

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.

Keywords: Life expectancy frontier; Preston curve; Technical progress (search for similar items in EconPapers)
JEL-codes: I15 O10 (search for similar items in EconPapers)
Pages: 38
Date: 2022-04
New Economics Papers: this item is included in nep-gro
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://docs.dises.univpm.it/web/quaderni/pdf/465.pdf First version, 2022 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:anc:wpaper:465

Access Statistics for this paper

More papers in Working Papers from Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali Contact information at EDIRC.
Bibliographic data for series maintained by Maurizio Mariotti ().