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Health Care and Economic Growth

Author

Listed:
  • Pascal Gourdel

    () (CERMSEM - CEntre de Recherche en Mathématiques, Statistique et Économie Mathématique - UP1 - Université Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

  • Liem Hoang-Ngoc

    (MATISSE - Modélisation Appliquée, Trajectoires Institutionnelles et Stratégies Socio-Économiques - UP1 - Université Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

  • Cuong Le Van

    () (CERMSEM - CEntre de Recherche en Mathématiques, Statistique et Économie Mathématique - UP1 - Université Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

  • Tédié Mazamba

    (UP2 - Université Panthéon-Assas)

Abstract

In this paper we adapt a discrete time version of the Lucas model with social protection where part of the total production is devoted to the health expenditures. The output is produced by labor and the technomogy exhibits externalities. The rate of growth of human capital depends on the ratio of health expenditures over GDP. We give conditions for which the optimal human capital sequences are increasing. When the instantaneous utility function is isoelastic and the production function is COBB-DOUGLAS, we prove that the optimal human capital sequences grow at constant rate. Moreover, we prove there exists a unuique equilibrium in the sense of LUCAS [1988] or ROMER [1986]

Suggested Citation

  • Pascal Gourdel & Liem Hoang-Ngoc & Cuong Le Van & Tédié Mazamba, 2004. "Health Care and Economic Growth," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00119022, HAL.
  • Handle: RePEc:hal:cesptp:halshs-00119022
    Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00119022
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    Cited by:

    1. Cavaco, Sandra & Eriksson, Tor & Skalli, Ali, 2014. "Life cycle development of obesity and its determinants in six European countries," Economics & Human Biology, Elsevier, vol. 14(C), pages 62-78.
    2. Jean-Michel Grandmont, 2013. "Tribute to Cuong Le Van," International Journal of Economic Theory, The International Society for Economic Theory, vol. 9(1), pages 5-10, March.
    3. Alexander S. Skorobogatov, 2012. "The value of human capital and health behavior," Economics Bulletin, AccessEcon, vol. 32(2), pages 1785-1796.
    4. Cavaco, Sandra & Eriksson, Tor & Skalli, Ali, 2011. "Life Cycle Development of Obesity and Its Determinants," Working Papers 11-7, University of Aarhus, Aarhus School of Business, Department of Economics.

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