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SSRN-id4491818.pdf

published 106161 1 322457 document 106161 indexcodes.txt text/x-c++ 4cafae70f180232f7670633197f17a37 MD5 19331 2024-05-14 18:07:05 https://pure.iiasa.ac.at/id/eprint/19728/2/indexcodes.txt 19728 2 2 text/x-c++ other Generate index codes conversion from text to indexcodes en public

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/106160 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/106160 http://eprints.org/relation/ismediumThumbnailVersionOf https://pure.iiasa.ac.at/id/document/106160 106165 2 322461 document 106165 small.jpg image/png 02c93ceeb92166f97a92139141b6aac6 MD5 1421 2024-05-14 18:16:19 https://pure.iiasa.ac.at/id/eprint/19728/6/small.jpg 19728 6 6 image/png other Thumbnails conversion from text to thumbnail_small en public

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/106160 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/106160 http://eprints.org/relation/issmallThumbnailVersionOf https://pure.iiasa.ac.at/id/document/106160 archive 2 disk0/00/01/97/28 2024-05-14 18:06:45 2024-05-14 18:06:45 2024-05-14 18:06:45 article show Kuhn M. 2235 Minniti A. Prettner K. Venturini F. pub EF medical innovation, industrial innovation, life expectancy, health, economic growth Despite the increasing recognition of the importance of health for economic growth, the role of medical innovation in this process remains largely unexplored. Specifically, what are the causal effects of medical innovation on economic growth, and what shape does this relationship take? To address these questions, we propose an R&D-based economic growth model with overlapping generations, wherein life expectancy depends on healthcare utilization and medical innovation, and we then empirically test the model’s implications. Our findings reveal a clear causal pathway from medical innovation to economic growth, with increasing life expectancy serving as a key transmission channel. In the early stages of development, medical innovation does not have a positive effect on economic growth, whereas in intermediate stages, a positive and significant effect emerges. In late stages of development, where life expectancy is already very high, the effect becomes weaker and potentially negative because health improvements are increasingly difficult to achieve and become more resource-intensive. 2023 doi:10.2139/ssrn.4491818 3124 public SSRN Electronic Journal TRUE 1556-5068 info:eu-repo/semantics/article