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Methods of calculation of economic efficiency of human life

Author

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  • Oganezova Anna V.

    (Kharkiv Institute of Economics of Market Relations and Management)

Abstract

The article contains calculation of the long-term economic efficiency of a new human life for Ukraine. The developed methods, unlike the existing ones, are realised in full volume with building age profiles of state expenditures, with consideration of the death-rate factor, indexation and discounting and also the effect of de-shadowing of economy. The article justifies that the maximum possible rate of growth of healthcare expenditures, which provides the break-even of a citizen, constitutes 7.15% (during the nearest 20 years with preservation of the growth rate of 6% after 2030). The offered approach is a tool for formation of priorities in state expenditures on healthcare and also demonstrates possibilities of a better decision making outside the healthcare sector.

Suggested Citation

  • Oganezova Anna V., 2013. "Methods of calculation of economic efficiency of human life," The Problems of Economy, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), issue 1, pages 326-332.
    • Handle: RePEc:idp:redpoe:y:2013:i:1:p:326_332
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