G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
A Politico-Economic Model of Aging, Technology Adoption and Growth
Giovanni Prarolo; Francesco Lancia
发表日期2007
出处Economy and Society
出版年2007
语种英语
摘要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.
特色分类D70,J10,O14,O31,O43
关键词Growth,Life Expectancy,Human Capital,Systemic Innovation,Majority Voting
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/a-politico-economic-model-of-aging-technology-adoption-and-growth/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/117466
推荐引用方式
GB/T 7714
Giovanni Prarolo,Francesco Lancia. A Politico-Economic Model of Aging, Technology Adoption and Growth. 2007.
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