Health Care and Economic Growth - HAL-SHS - Sciences de l'Homme et de la Société
Article Dans Une Revue Annales d'Economie et de Statistique Année : 2004

Health Care and Economic Growth

Résumé

In this paper we adapt a discrete time version of the Lucas model with social protection where part of the total production is devoted to the health expenditures. The output is produced by labor and the technomogy exhibits externalities. The rate of growth of human capital depends on the ratio of health expenditures over GDP. We give conditions for which the optimal human capital sequences are increasing. When the instantaneous utility function is isoelastic and the production function is COBB-DOUGLAS, we prove that the optimal human capital sequences grow at constant rate. Moreover, we prove there exists a unuique equilibrium in the sense of LUCAS [1988] or ROMER [1986]
Fichier non déposé

Dates et versions

halshs-00119022 , version 1 (07-12-2006)

Identifiants

  • HAL Id : halshs-00119022 , version 1

Citer

Pascal Gourdel, Liem Hoang-Ngoc, Cuong Le Van, Tédié Mazamba. Health Care and Economic Growth. Annales d'Economie et de Statistique, 2004, 75/76, pp.257-272. ⟨halshs-00119022⟩
100 Consultations
0 Téléchargements

Partager

More