Séminaire GREDEG : Antonio MINNITI (University of Bologna)

Publié le 9 septembre 2024 – Mis à jour le 11 septembre 2024
Date(s)

le 26 septembre 2024

Lieu(x)

14h00 - 15h30 Salle Picasso

GREDEG - Bâtiment 2 - Campus Azur du CNRS - 250 rue Albert Einstein - SOPHIA ANTIPOLIS

GREDEG

Title: "Medical innovation, life expectancy, and economic growth"
Authors: Michael Kuhn, Antonio Minniti, Klaus Prettner, Francesco Venturini

Abstract:

To analyze the causal effects of medical innovation on economic growth, 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.
A positive and significant effect emerges in intermediate stages of development but not in early
stages and in late stages. This is because medical innovation positively affects the working
age population mainly in intermediate stages of development


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Date(s)
Le 26 septembre 2024 14:00 - 15:30