The influence of the healthcare system on optimal economic growth

Maurício Assuero Lima de Freitas and Alexandre Stamford da Silva

Economic Modelling, 2013, vol. 35, issue C, 734-742

Abstract: This paper analyzes the impact of health system in the economic growth, based upon three macroeconomic models. The first one considers the economy with only one sector, but with morbidity; in the others the economy is divided in two sectors, the productive sector and the health sector, considering it intensive in labor and after intensive in capital. The results show that the presence of the health system increases the life expectancy and the aggregate product, but does not modify the per capita product.

Keywords: Healthcare system; Optimal economic growth; Healthcare sector effort function; Macroeconomic models for the healthcare sector (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:35:y:2013:i:c:p:734-742

DOI: 10.1016/j.econmod.2013.08.023

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