Health, basic research, human capital accumulation, and R&D-based economic growth

Parui, Pintu (2023): Health, basic research, human capital accumulation, and R&D-based economic growth.

Abstract

We construct a broad R&D-based endogenous growth model that incorporates the importance of children's health on human capital accumulation and publicly-funded basic research investments required to produce new goods. Although an increment in the number of healthcare professionals creates a shortage of workers for final goods production, the novelty of this paper is to demonstrate the significance of healthcare workers in enhancing the productivity of inputs of various sectors, along with its long-run consequences.

• Item Type: MPRA Paper
• Language: English
• Keywords: R&D-based growth, Basic science, Children’s Health, Education, Fertility
• Subjects: H - Public Economics > H4 - Publicly Provided Goods > H41 - Public Goods; J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J24 - Human Capital ; Skills ; Occupational Choice ; Labor Productivity; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O31 - Innovation and Invention: Processes and Incentives; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O32 - Management of Technological Innovation and R&D; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O41 - One, Two, and Multisector Growth Models

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