Methods of calculation of economic efficiency of human life

Oganezova Anna V. ()
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Oganezova Anna V.: Kharkiv Institute of Economics of Market Relations and Management

The Problems of Economy, 2013, issue 1, 326_332

Abstract: The article contains calculation of the long-term economic efficiency of a new human life for Ukraine. The developed methods, unlike the existing ones, are realised in full volume with building age profiles of state expenditures, with consideration of the death-rate factor, indexation and discounting and also the effect of de-shadowing of economy. The article justifies that the maximum possible rate of growth of healthcare expenditures, which provides the break-even of a citizen, constitutes 7.15% (during the nearest 20 years with preservation of the growth rate of 6% after 2030). The offered approach is a tool for formation of priorities in state expenditures on healthcare and also demonstrates possibilities of a better decision making outside the healthcare sector.

Keywords: efficiency of human life; age profiles of state expenses; investments in healthcare (search for similar items in EconPapers)
Date: 2013
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