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Health and Infrastructure in Models of Endogenous Growth Author info | Abstract | Publisher info | Download info | Related research | Statistics P R Agénor
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This paper studies the optimal allocation of government spending between infrastructure and health (which affects labor productivity as well as household utility) in an endogenous growth framework. A key feature of the model is that infrastructure affects not only the production of goods but also the supply of health services. The first part considers the case where health enters as a flow in production and utility, whereas the second focuses on a "stock" approach. Growth- and utility-maximizing rules for output taxation and the allocation of public spending are derived. It is shown, in particular, that the welfare-maximizing share of spending on health exceeds the growth-maximizing share.
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Paper provided by Economics, The Univeristy of Manchester in its series Centre for Growth and Business Cycle Research Discussion Paper Series with number
62.
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Length: 37 pages
Date of creation: 2005Date of revision:
Handle: RePEc:man:cgbcrp:62Contact details of provider: Postal: Manchester M13 9PL Phone: (0)161 275 4868 Fax: (0)161 275 4812 Web page: http://www.socialsciences.manchester.ac.uk/cgbcr/ More information through EDIRC
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References listed on IDEAS 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.: repec:rus:hseeco:70719 is not listed on IDEAS
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"Government Spending in a Simple Model of Endogenous Growth ,"
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"Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach ,"
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"Education and Health in an Effective-Labour Empirical Growth Model ,"
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Nikos Benos, 2005.
"Fiscal Policy and Economic Growth: Empirical Evidence from OECD ,"
University of Cyprus Working Papers in Economics
1-2005, University of Cyprus Department of Economics.
[Downloadable!]
Corrigan, Paul & Glomm, Gerhard & Mendez, Fabio, 2005.
"AIDS crisis and growth ,"
Journal of Development Economics ,
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P R Agénor, 2005.
"Infrastructure, Public Education and Growth with Congestion Costs ,"
Centre for Growth and Business Cycle Research Discussion Paper Series
47, Economics, The Univeristy of Manchester.
[Downloadable!]
Other versions: Gyimah-Brempong, Kwabena & Wilson, Mark, 2004.
"Health human capital and economic growth in Sub-Saharan African and OECD countries ,"
The Quarterly Review of Economics and Finance ,
Elsevier, vol. 44(2), pages 296-320, May.
[Downloadable!] (restricted)
Turnovsky, Stephen J., 1996.
"Optimal tax, debt, and expenditure policies in a growing economy ,"
Journal of Public Economics ,
Elsevier, vol. 60(1), pages 21-44, April.
[Downloadable!] (restricted)
Full
references Cited by : (explanations , 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.)
Florian Misch & Norman Gemmell & Richard Kneller, .
"Growth and Welfare Maximization in Models of Public Finance and Endogenous Growth ,"
Discussion Papers
08/09, University of Nottingham, CREDIT.
[Downloadable!]
Pierre-Richard Agénor & Kyriakos C. Neanidis, 2007.
"Optimal Taxation and Growth with Public Goods and Costly Enforcement ,"
Centre for Growth and Business Cycle Research Discussion Paper Series
89, Economics, The Univeristy of Manchester.
[Downloadable!]
Pierre-Richard Agénor, 2006.
"A Theory of Infrastructure-led Development ,"
Centre for Growth and Business Cycle Research Discussion Paper Series
83, Economics, The Univeristy of Manchester.
[Downloadable!]
Pierre-Richard Agénor, 2005.
"Infrastructure, Public Education and Growth with Congestion Costs ,"
The School of Economics Discussion Paper Series
0524, Economics, The University of Manchester.
[Downloadable!]
Other versions: Pierre-Richard Agénor, 2006.
"A Theory of Infrastructure-led Development ,"
The School of Economics Discussion Paper Series
0640, Economics, The University of Manchester.
[Downloadable!]
Agenor, Pierre-Richard & Moreno-Dodson, Blanca, 2006.
"Public infrastructure and growth : new channels and policy implications ,"
Policy Research Working Paper Series
4064, The World Bank.
[Downloadable!]
Rangan Gupta & Emmanuel Ziramba, 2008.
"Optimal Public Policy with Endogenous Mortality ,"
Working Papers
200829, University of Pretoria, Department of Economics.
[Downloadable!]
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