Health, growth and welfare: a theoritical appraisal of the long run impact of medical RandD Report as inadecuate




Health, growth and welfare: a theoritical appraisal of the long run impact of medical RandD - Download this document for free, or read online. Document in PDF available to download.

Abstract

This paper aims at providing a simple economic framework to address the question of the optimal share of investments in medical RandD in total public spending. In order to capture the long-run impact of tax-financed medical RandD on the growth rate, we develop an endogenous growth model in the spirit of Barro 1990. The model focuses on the optimal sharing of public resources between consumption and non-health investment, medical RandD and other health expenditures. It emphasizes the key role played by the public health-related RandD in enhancing economic growth and welfare in the long run.



Item Type: MPRA Paper -

Original Title: Health, growth and welfare: a theoritical appraisal of the long run impact of medical RandD-

Language: English-

Keywords: Public health ; Medical RandD; Public spending; Endogenous growth-

Subjects: H - Public Economics > H5 - National Government Expenditures and Related Policies > H51 - Government Expenditures and HealthI - Health, Education, and Welfare > I1 - Health > I18 - Government Policy ; Regulation ; Public HealthH - Public Economics > H2 - Taxation, Subsidies, and Revenue > H23 - Externalities ; Redistributive Effects ; Environmental Taxes and SubsidiesO - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O31 - Innovation and Invention: Processes and Incentives-





Author: Bosi, Stefano

Source: https://mpra.ub.uni-muenchen.de/33789/







Related documents