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Is Health Trade of Mode 3 in Public Health Care Gainful?

Author

Listed:
  • Chatterjee, Tonmoy
  • Gupta, Kausik

Abstract

This paper attempts to analyze the aspect of public health care in the context of increasing globalization. This paper examines the importance of health trade through mode 3 of General Agreement on trade in services (GATS) in the presence of a public funding health care. For that purpose the paper develops a static three sector general equilibrium trade model of a small open economy where health sector is defined as a public subsidized health care. Evidence shows that trade liberalization in the form of an increase in foreign health capital inflow leads to an expansion of public health care. This paper also shows that health trade through commercial presence may deteriorate the wage inequality. Apart from that in this study we have shown that the level of welfare of the small open economy increases due to trade in health services of mode 3.

Suggested Citation

  • Chatterjee, Tonmoy & Gupta, Kausik, 2012. "Is Health Trade of Mode 3 in Public Health Care Gainful?," MPRA Paper 50775, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:50775
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    File URL: https://mpra.ub.uni-muenchen.de/50775/1/MPRA_paper_50775.pdf
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    References listed on IDEAS

    as
    1. Hamid Beladi & Sugata Marjit, 1992. "Foreign Capital and Protectionism," Canadian Journal of Economics, Canadian Economics Association, vol. 25(1), pages 233-238, February.
    2. Marjit, Sugata & Beladi, Hamid, 1996. "Protection and the gainful effects of foreign capital," Economics Letters, Elsevier, vol. 53(3), pages 311-316, December.
    3. Ronald W. Jones, 1965. "The Structure of Simple General Equilibrium Models," Journal of Political Economy, University of Chicago Press, vol. 73, pages 557-557.
    4. Grinols, Earl L, 1991. "Unemployment and Foreign Capital: The Relative Opportunity Costs of Domestic Labour and Welfare," Economica, London School of Economics and Political Science, vol. 58(229), pages 107-121, February.
    5. Marjit, Sugata & Broll, Udo & Mitra, Sandip, 1997. "Targeting Sectors for Foreign Capital Inflow in a Small Developing Economy," Review of International Economics, Wiley Blackwell, vol. 5(1), pages 101-106, February.
    6. Gupta, Manash Ranjan, 1997. "Foreign Capital and the Informal Sector: Comments," Economica, London School of Economics and Political Science, vol. 64(254), pages 353-363, May.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Public Health sector; International health capital mobility; Social welfare and General Equilibrium;

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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