Tax financed government health expenditure and growth with capital deepening externality

Kei Hosoya ()
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Kei Hosoya: The Japan Society for the Promotion of Science, and Hitotsubashi University

Economics Bulletin, 2003, vol. 5, issue 14, 1-10

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.

JEL-codes: E6 I1 (search for similar items in EconPapers)
Date: 2003-08-21
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Citations: View citations in EconPapers (11)

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