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Public expenditure on health, economic growth and elasticity of substitution: Results for the Spanish economy, 1985-2003

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Author Info
Jesús López-Rodríguez
Miguel Muñoz
Pablo César Muñoz

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Abstract

This paper analyzes the effect that government expenditure on health has on economicgrowth by estimating the elasticity of substitution for a CES production function in the Spanish economy during the period 1985-2003. Our results show that the higher the efforts of public administrations in providing greater public health coverage the higher the elasticity of substitution between production factors will be, and consequently this will benefit economic growth.

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File URL: ftp://ftp.drivehq.com/cavasco/lecturas/numero70/n70a3.pdf
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Publisher Info
Article provided by Universidad de Antioquia, Departamento de Economía in its journal LECTURAS DE ECONOMÍA.

Volume (Year): (2009)
Issue (Month): 70 ()
Pages: 63-84
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Handle: RePEc:lde:journl:y:2009:i:70:p:63-84

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Web page: http://economia.udea.edu.co
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Related research
Keywords: Economic Growth; Elasticity of Substitution; CES Production Function; Public Expenditure on Health;

Find related papers by JEL classification:
I12 - Health, Education, and Welfare - - Health - - - Health Production
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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This page was last updated on 2009-11-29.

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