Economic growth and its effect on public health

Nissim Ben-David

doi:10.1108/03068290910932747

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International Journal of Social Economics

ISSN: 0306-8293

Online from: 1974

Subject Area: Economics

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Economic growth and its effect on public health

Document Information:
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
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 period t is equal to that of period t+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.