Online from: 1974
Subject Area: Economics
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|Title:||Economic growth and its effect on public health|
|Author(s):||Nissim Ben-David, (Department of Economics, University of Haifa, Haifa, Israel)|
|Citation:||Nissim Ben-David, (2009) "Economic growth and its effect on public health", International Journal of Social Economics, Vol. 36 Iss: 3, pp.252 - 273|
|Keywords:||Economic growth, Medical care, Public health|
|Article type:||Research paper|
|DOI:||10.1108/03068290910932747 (Permanent URL)|
|Publisher:||Emerald Group Publishing Limited|
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 period
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.
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