EconPapers    
Economics at your fingertips  
 

Health, Environment, and Wealth

Wei-Bin Zhang ()

Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, 2018, vol. 7, issue 3, 109-123

Abstract: This paper proposes a dynamic economic growth model with endogenous environment, health, and wealth. The economy is composed of environment, capital good, health caring, and consumer good sectors. We model the production technologies and economic structure on the basis of neoclassical growth theory. We apply Zhang's approach to the household behavior in modelling consumption and saving with the alternative concept of disposable income. The government collects taxes on the production sectors' outputs and consumers' consumption, wealth interest income, and wage income. After building the model with wealth accumulation, health change, and environmental dynamics, we show properties of the dynamic system by simulation. We depict the movement of the economic system over time. We also carry out comparative dynamic analysis to show how transitory processes and long-run equilibrium are affected when the system is subject to different exogenous changes. We get some insightful conclusions about complicated trade-offs between environmental taxation, wealth accumulation, health change, environment change, and economic structures.

Keywords: Environmental change; Wealth accumulation; Health dynamics; Economic structure; Taxation (search for similar items in EconPapers)
JEL-codes: O41 Q5 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.su-varna.org/izdanij/2018/EconomicSciencesSeries_2018_3/109-123.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vra:journl:v:7:y:2018:i:3:p:109-123

Access Statistics for this article

More articles in Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series from Union of Scientists - Varna, Economic Sciences Section Contact information at EDIRC.
Bibliographic data for series maintained by Pavel Petrov ().

 
Page updated 2019-04-25
Handle: RePEc:vra:journl:v:7:y:2018:i:3:p:109-123