Economic growth and its effect on public health

Nissim Ben‐David
Authors registered in the RePEc Author Service: Nissim Ben David

International Journal of Social Economics, 2009, vol. 36, issue 3, 252-273

Abstract: Purpose - The purpose of this paper is to construct a theoretical framework for analyzing the connection between economic growth, demand for medical care, and economic health. Design/methodology/approach - The economy is composed of two sectors, one of medical care goods and the other of consumption goods. Equilibrium is defined when capital per‐capita in periodtis equal to that of periodt+1. Findings - An equilibrium path is found for the demand for consumption and for medical care goods, per‐capita level of health, capital, savings, trade balance, and net foreign assets. Research limitations/implications - The importance of the paper is in its ability to analyze the change in public health along the growth path of the economy. Practical implications - An example and a simulation are presented in order to confirm the theoretical results and demonstrate that the model can be used for empirical analysis. Originality/value - The paper constructs a connection between economic growth and health sector economic developments.

Keywords: Economic growth; Medical care; Public health (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijsepp:v:36:y:2009:i:3:p:252-273

DOI: 10.1108/03068290910932747

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