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Endogenous longevity, biological deterioration and economic growth

Author

Listed:
  • 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)

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.

Suggested Citation

  • Marcos Sanso & Rosa M. A�sa, 2005. "Endogenous longevity, biological deterioration and economic growth," Documentos de Trabajo dt2005-10, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    • Handle: RePEc:zar:wpaper:dt2005-10
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    File URL: https://fecem.unizar.es/sites/fecem/files/archivos/repec/pdf/DT2005-10.pdf
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    References listed on IDEAS

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    1. Cres, Herve & Ghiglino, Christian & Tvede, Mich, 1997. "Externalities, Internalization and Fluctuations," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 38(2), pages 465-477, May.
    2. Croix, David de la & Michel, Philippe, 1999. "Optimal growth when tastes are inherited," Journal of Economic Dynamics and Control, Elsevier, vol. 23(4), pages 519-537, February.
    3. de la Croix, David & Licandro, Omar, 1999. "Life expectancy and endogenous growth," Economics Letters, Elsevier, vol. 65(2), pages 255-263, November.
    4. Kalemli-Ozcan, Sebnem & Ryder, Harl E. & Weil, David N., 2000. "Mortality decline, human capital investment, and economic growth," Journal of Development Economics, Elsevier, vol. 62(1), pages 1-23, June.
    5. Nerlove, Marc & Raut, Lakshmi K., 1993. "Growth models with endogenous population: A general framework," Handbook of Population and Family Economics, in: M. R. Rosenzweig & Stark, O. (ed.), Handbook of Population and Family Economics, edition 1, volume 1, chapter 20, pages 1117-1174, Elsevier.
    6. van Zon, Adriaan & Muysken, Joan, 2001. "Health and endogenous growth," Journal of Health Economics, Elsevier, vol. 20(2), pages 169-185, March.
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    Cited by:

    1. Dihai Wang & Heng-fu Zou, 2011. "The Fogel Approach to Health and Growth," CEMA Working Papers 520, China Economics and Management Academy, Central University of Finance and Economics.

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    More about this item

    Keywords

    Biological deterioration; Health; Health goods; Endogenous longevity; Endogenous growth;
    All these keywords.

    JEL classification:

    • I1 - Health, Education, and Welfare - - Health
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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