Dear colleagues, The Department of Economics cordially invites you to the WU Economics Research Seminar on Wednesday, December 11th, with Antonio Minniti (University of Bologna) on "Medical Innovation, Life Expectancy, and Economic Growth" 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. Date: Wednesday, December 11th Time: 4.30 to 6 pm (CET) Location: building D1, first floor, room D1.1.078<https://campus.wu.ac.at/?q=D1.1.078> With best regards, Harald Oberhofer --- Univ.-Prof. Dr. Harald Oberhofer Department of Economics WU Vienna University of Economics and Business Phone: +43/1/31336-4984 Email: harald.oberhofer@wu.ac.at<mailto:harald.oberhofer@wu.ac.at> https://www.wu.ac.at/en/economics/people/oberhofer-h Austrian Institute of Economic Research (WIFO) Phone: +43/1/7982601-468 Email: harald.oberhofer@wifo.ac.at<mailto:harald.oberhofer@wifo.ac.at> http://www.wifo.ac.at/harald_oberhofer