A Politico-Economic Model of Aging, Technology Adoption and Growth

1. Person: Prarolo, Giovanni
Weitere Personen: Lancia, Francesco
Format: Online-Artikel
Sprache: English
Veröffentlicht: Fondazione Eni Enrico Mattei (FEEM) 2007
Serien: Nota di Lavoro
Schlagworte: Sterblichkeit
Humankapital
Alternde Bevölkerung
Overlapping Generations
Innovationspolitik
Theorie
OECD-Staaten
Mortality
Human capital
Overlapping generations
Technology policy
Theory
OECD countries
Online Zugang: https://www.econstor.eu/bitstream/10419/73980/1/NDL2007-048.pdf
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id
oai_econstor.eu_10419-73980
recordtype
econstor
institution
MPG
collection
ECONSTOR
title
A Politico-Economic Model of Aging, Technology Adoption and Growth
spellingShingle
A Politico-Economic Model of Aging, Technology Adoption and Growth
Sterblichkeit
Humankapital
Alternde Bevölkerung
Overlapping Generations
Innovationspolitik
Theorie
OECD-Staaten
Mortality
Human capital
Overlapping generations
Technology policy
Theory
OECD countries
Prarolo, Giovanni
Nota di Lavoro
title_short
A Politico-Economic Model of Aging, Technology Adoption and Growth
title_full
A Politico-Economic Model of Aging, Technology Adoption and Growth
title_fullStr
A Politico-Economic Model of Aging, Technology Adoption and Growth
title_full_unstemmed
A Politico-Economic Model of Aging, Technology Adoption and Growth
title_sort
A Politico-Economic Model of Aging, Technology Adoption and Growth
format
electronic Article
format_phy_str_mv
Paper
publisher
Fondazione Eni Enrico Mattei (FEEM)
publishDate
2007
language
English
topic
Sterblichkeit
Humankapital
Alternde Bevölkerung
Overlapping Generations
Innovationspolitik
Theorie
OECD-Staaten
Mortality
Human capital
Overlapping generations
Technology policy
Theory
OECD countries
topic_facet
Mortality
Human capital
Overlapping generations
Technology policy
Theory
OECD countries
author
Prarolo, Giovanni
author2
Lancia, Francesco
author2Str
Lancia, Francesco
description
Over the past century, all OECD countries have been characterized by a dramatic increase in economic conditions, life expectancy and educational attainment. This paper provides a positive theory that explains how an economy might evolve when the longevity of its citizens both influences and is influenced by the process of economic development. We propose a three periods OLG model where agents, during their lifetime, cover different economic roles characterized by different incentive schemes and time horizon. Agents’ decisions embrace two dimensions: the private choice about education and the public one upon innovation policy. The theory focuses on the crucial role played by heterogeneous interests in determining innovation policies, which are one of the keys to the growth process: the economy can be discontinuously innovation-oriented due to the different incentives of individuals and different schemes of political aggregation of preferences. The model produces multiple development regimes associated with different predictions about life expectancy evolution, educational investment dynamics, and technology adoption policies. Transitions between these regimes depend on initial conditions and parameter values.
url
https://www.econstor.eu/bitstream/10419/73980/1/NDL2007-048.pdf
series
Nota di Lavoro
seriesStr
Nota di Lavoro
Nota di Lavoro
series2
Nota di Lavoro
series2_facet
Nota di Lavoro
up_date
2019-09-23T02:54:22.533Z
_version_
1645433088288751621

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