Tax Financed Government Health Expenditure and Growth with Capital Deepening Externality

Kei Hosoya, 圭 細谷 and ケイ ホソヤ

No 153, Discussion Paper from Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University

Abstract: This paper develops a two-sector endogenous growth model with health capital and examines the impact tax financed health expenditure has on long-run growth. In this model, health capital is accumulated through government spending as a flow channel and a capital deepening externality as a stock channel. When arguing about the problem of growth maximizing flat tax, the latter channel plays a significant role for determining tax rate.

Keywords: Health capital; Capital deepening externality (search for similar items in EconPapers)
JEL-codes: E62 I10 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2003-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:hit:piedp1:153

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