Healthcare and Health Outcome

James Foreman-Peck () and Peng Zhou ()
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James Foreman-Peck: Cardiff University
Peng Zhou: Cardiff University

Chapter Chapter 9 in Applied Economics in Globalised Economies, 2025, pp 247-275 from Springer

Abstract: Abstract Improving healthcare enhances individual well-being and economic productivity. We explore the demand and supply dynamics of healthcare, highlighting factors such as demographic trends, income levels, and technological changes. Key models, including the Grossman model of health capital, are introduced to analyse health as an investment in human capital. The chapter also discusses the impact of globalisation on healthcare systems, from the spread of medical innovations to challenges like cross-border pandemics and inequities in health access. Policies aimed at improving health outcomes, such as universal healthcare, public health interventions, and pricing mechanisms, are evaluated. Empirical tools, such as regression analysis and difference-in-differences techniques, are employed to measure the effects of healthcare investments on life expectancy and quality of life. The chapter highlights the interplay between healthcare and economic development, emphasising the need for sustainable and inclusive health policies in a globalised world.

Keywords: Health; Healthcare system; Quality-adjusted life year; Grossman model; Difference-in-differences; Health economics (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-85621-1_9

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DOI: 10.1007/978-3-031-85621-1_9

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