Tax Financed Government Health Expenditure and Growth with Capital Deepening Externality
AbstractThis paper develops a two-sector endogenous growth model with health capital and examines the impact tax financed health expenditure has on long-run growth. In this model, health capital is accumulated through government spending as a flow channel and a capital deepening externality as a stock channel. When arguing about the problem of growth maximizing flat tax, the latter channel plays a significant role for determining tax rate.
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Bibliographic InfoPaper provided by Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University in its series Discussion Paper with number 153.
Length: 11 p.
Date of creation: Jun 2003
Date of revision:
Health capital; Capital deepening externality;
Find related papers by JEL classification:
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- I10 - Health, Education, and Welfare - - Health - - - General
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- van Zon, Adriaan & Muysken, Joan, 2001. "Health and endogenous growth," Journal of Health Economics, Elsevier, vol. 20(2), pages 169-185, March.
- Dihai Wang & Heng-fu Zou, 2011. "The Fogel Approach to Health and Growth," CEMA Working Papers 520, China Economics and Management Academy, Central University of Finance and Economics.
- Liutang Gong & Hongyi Li & Dihai Wang & Heng-fu Zou, 2011.
"Health, Taxes, and Growth,"
CEMA Working Papers
482, China Economics and Management Academy, Central University of Finance and Economics.
- Agénor, Pierre-Richard, 2008. "Health and infrastructure in a model of endogenous growth," Journal of Macroeconomics, Elsevier, vol. 30(4), pages 1407-1422, December.
- Gong, Liutang & Li, Hongyi & Wang, Dihai, 2012. "Health investment, physical capital accumulation, and economic growth," China Economic Review, Elsevier, vol. 23(4), pages 1104-1119.
- Bosi, Stefano & Laurent, Thierry, 2011. "Health, growth and welfare: a theoritical appraisal of the long run impact of medical R&D," MPRA Paper 33789, University Library of Munich, Germany.
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