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Children's health, human capital accumulation, and R&D-based economic growth

Annarita Baldanzi, Alberto Bucci () and Klaus Prettner ()

No 01-2017, Hohenheim Discussion Papers in Business, Economics and Social Sciences from University of Hohenheim, Faculty of Business, Economics and Social Sciences

Abstract: We analyze the effects of children's health on human capital accumulation and on long-run economic growth. For this purpose we design an R&D-based growth model in which the stock of human capital of the next generation is determined by parental education and health investments. We show that i) there is a complementarity between education and health: if parents want to have better educated children, they also raise health investments and vice versa; ii) parental health investments exert an unambiguously positive effect on long-run economic growth, iii) faster population growth reduces long-run economic growth. These results are consistent with the empirical evidence for modern economies in the twentieth century.

Keywords: Children's Health; Education; Fertility; Economic Growth; Technological Progress; Long-run Economic Development (search for similar items in EconPapers)
JEL-codes: I15 I25 J10 O30 O41 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-edu, nep-gro, nep-hea and nep-ino
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:hohdps:012017

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