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The influence of the healthcare system on optimal economic growth

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  • de Freitas, Maurício Assuero Lima
  • Stamford da Silva, Alexandre
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    Abstract

    This paper analyzes the impact of health system in the economic growth, based upon three macroeconomic models. The first one considers the economy with only one sector, but with morbidity; in the others the economy is divided in two sectors, the productive sector and the health sector, considering it intensive in labor and after intensive in capital. The results show that the presence of the health system increases the life expectancy and the aggregate product, but does not modify the per capita product.

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    File URL: http://www.sciencedirect.com/science/article/pii/S0264999313003398
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    Bibliographic Info

    Article provided by Elsevier in its journal Economic Modelling.

    Volume (Year): 35 (2013)
    Issue (Month): C ()
    Pages: 734-742

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    Handle: RePEc:eee:ecmode:v:35:y:2013:i:c:p:734-742

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    Web page: http://www.elsevier.com/locate/inca/30411

    Related research

    Keywords: Healthcare system; Optimal economic growth; Healthcare sector effort function; Macroeconomic models for the healthcare sector;

    References

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    1. J. AZNAR-MARQUEZ & J.R. Ruiz-Tamarit, 2002. "Renewable Natural Resources and Endogenous Growth," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2002029, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
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    4. repec:hal:cesptp:halshs-00318677 is not listed on IDEAS
    5. Christian Groth & Poul Schou, 2000. "Can Nonrenewable Resources Alleviate the Knife-edge Character of Endogenous Growth," Discussion Papers 00-02, University of Copenhagen. Department of Economics.
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    7. Lúdvík Elíasson & Stephen J. Turnovsky, 2002. "Renewable Resources In An Endogenously Growing Economy: Balanced Growth And Transitional Dynamics," Economics wp20_ludvik, Department of Economics, Central bank of Iceland.
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    10. Bloom, David E. & Canning, David & Sevilla, Jaypee, 2004. "The Effect of Health on Economic Growth: A Production Function Approach," World Development, Elsevier, vol. 32(1), pages 1-13, January.
    11. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth Through Creative Destruction," Scholarly Articles 12490578, Harvard University Department of Economics.
    12. Stamford da Silva, Alexandre, 2008. "Growth with exhaustible resource and endogenous extraction rate," Economic Modelling, Elsevier, vol. 25(6), pages 1165-1174, November.
    13. Buchmueller, Thomas, 2006. "Price and the health plan choices of retirees," Journal of Health Economics, Elsevier, vol. 25(1), pages 81-101, January.
    14. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth through Creative Destruction," Econometrica, Econometric Society, vol. 60(2), pages 323-51, March.
    15. Mariani, Fabio & Pérez-Barahona, Agustín & Raffin, Natacha, 2010. "Life expectancy and the environment," Journal of Economic Dynamics and Control, Elsevier, vol. 34(4), pages 798-815, April.
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