Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 梁志明博士 (经济学系) |
全文
| 数位物件识别号 (DOI) http://dx.doi.org/10.1111/j.1468-0106.2009.00486.x |
引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/9WOS source URL
其它资讯
摘要We study the endogenous relationship between health care, life expectancy and output in a neoclassical growth model. Although health care directly diverts resources away from goods production, it prolongs life expectancy, which in turn leads to higher savings and, hence, capital formation through a private annuity market. We show that savings and health care are complements in equilibrium, with both rising with economic development. Our model is therefore consistent with several observed stylized development patterns across countries. Moreover, through the longevity-enhancing channel, health care and health production technology are found by simulation to be growth and welfare promoting.
着者Leung MCM, Wang Y
期刊名称Pacific Economic Review
出版年份2010
月份2
日期1
卷号15
期次1
出版社Wiley: 24 months
页次11 - 31
国际标準期刊号1361-374X
电子国际标準期刊号1468-0106
语言英式英语
Web of Science 学科类别Business & Economics; Economics; ECONOMICS
