IDEAS home Printed from https://ideas.repec.org/p/hit/piedp1/238.html
   My bibliography  Save this paper

健康資本蓄積とマクロ経済の収束

Author

Listed:
  • 細谷, 圭

Abstract

本稿では,健康資本の蓄積を考慮した内生的成長モデルに依拠して,マクロ経済の収束問題を理論的に分析する.モデルから導出された収束係数について数値シミュレーションを行うことにより,その収束特性に関して2つの理論的可能性が示唆される.はじめに,標準的なパラメータセットの下で,ここで提示する2部門成長モデルは一般的な内生的成長モデルの収束特性を再現することになる.すなわち,相対的にハイテンポな収束過程が実現する.一方で,第2部門としての健康資本生産部門において,追加的な健康資本生産に対して資本深化外部性の影響が相対的に軽少で,かつ公的医療支出をファイナンスする所得税率が現実的に妥当な水準にあるケースで,ゆっくりとした収束過程が現れる.そうした相対的に緩慢な収束過程は,経済成長とβ-収束性に関する標準的な実証分析の結果と整合的である., This paper investigates a speed of convergence in a growth model with health capital. The simulation of the model reveals two theoretical possibilities. First, under standard parameter set, this type of two-sector model replicates a notable feature of endogenous growth models on convergence property. That is to say, our model exhibits a higher rate of convergence. Second, when a capital deepening externality in the second sector has relatively weak impacts to additional health capital production and income tax rates which finance public health expenditure lie in realistically reasonable level, a slower speed of convergence comes true. Such the slower adjustment process is consistent with the standard empirical results on growth and β-convergence.

Suggested Citation

  • 細谷, 圭, 2004. "健康資本蓄積とマクロ経済の収束," Discussion Paper 238, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
  • Handle: RePEc:hit:piedp1:238 Note: 初稿: 2004年8月25日
    as

    Download full text from publisher

    File URL: http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/14295/1/pie_dp238.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Axel Boersch-Supan & Christina B. Wilke, 2004. "The German Public Pension System: How it Was, How it Will Be," NBER Working Papers 10525, National Bureau of Economic Research, Inc.
    2. Borsch-Supan, Axel & Schnabel, Reinhold, 1998. "Social Security and Declining Labor-Force Participation in Germany," American Economic Review, American Economic Association, vol. 88(2), pages 173-178, May.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    公的医療支出; 資本深化外部性; 収束速度; Capital deepening externality; Public health expenditure; Speed of convergence;

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hit:piedp1:238. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Digital Resources Section, Hitotsubashi University Library). General contact details of provider: http://edirc.repec.org/data/cihitjp.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.