Mortality Rate and Property Rights in a Model with Human Capital and R&D

Sequeira, Tiago Neves

doi:10.2139/ssrn.882445

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Mortality Rate and Property Rights in a Model with Human Capital and R&D

FEUNL Working Paper No. 455

37 Pages Posted: 16 Feb 2006

See all articles by Tiago Neves Sequeira

Tiago Neves Sequeira

University of the Interior of Beira - Faculty of Social Sciences and Humanities; New University of Lisbon - Faculdade de Economia

Date Written: 2004

Abstract

We use a set of established growth models, which simultaneously include human capital and R&D, to show that the effect of mortality rate in human capital accumulation is quantitatively more important than the effect of perfectly guaranteed patents on research. First, we show that the effect of mortality rate on human capital accumulation productivity may explain differences in growth paths and development levels across countries, accounting for the main features of economic development of the industrialized world in the last two centuries. Then, we explicitly compare the two types of expropriation (mortality rate and uncertainty in property rights).

Keywords: Institutions, Incentives, Economic Growth, Economic Development, Industrial Revolutions

JEL Classification: O10, O11, O17, P14

Suggested Citation: Suggested Citation

Neves Sequeira, Tiago, Mortality Rate and Property Rights in a Model with Human Capital and R&D (2004). FEUNL Working Paper No. 455, Available at SSRN: https://ssrn.com/abstract=882445 or http://dx.doi.org/10.2139/ssrn.882445