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The influence of the healthcare system on optimal economic growth

  • de Freitas, Maurício Assuero Lima
  • Stamford da Silva, Alexandre
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    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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    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
    Contact details of provider: Web page: http://www.elsevier.com/locate/inca/30411

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    1. Aznar-M Rquez, J. & Ruiz-Tamarit, J.R., 2005. "Renewable Natural Resources And Endogenous Growth," Macroeconomic Dynamics, Cambridge University Press, vol. 9(02), pages 170-197, April.
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    8. Osterdal, Lars Peter, 2005. "Axioms for health care resource allocation," Journal of Health Economics, Elsevier, vol. 24(4), pages 679-702, July.
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    10. 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.
    11. Fabio Mariani & Agustin Pérez-Barahona & Natacha Raffin, 2008. "Life expectancy and the environment," Documents de travail du Centre d'Economie de la Sorbonne v08048, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    12. Edward Barbier, 1999. "Endogenous Growth and Natural Resource Scarcity," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 14(1), pages 51-74, July.
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    16. Stamford da Silva, Alexandre, 2008. "Growth with exhaustible resource and endogenous extraction rate," Economic Modelling, Elsevier, vol. 25(6), pages 1165-1174, November.
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