TY - GEN
T1 - Government health spending in an endogenous growth model
T2 - 2nd International Conference on E-Business and E-Government, ICEE 2011
AU - Haixiang, Xiao
AU - Lefan, Liu
N1 - Copyright:
Copyright 2011 Elsevier B.V., All rights reserved.
PY - 2011
Y1 - 2011
N2 - This paper investigates the impact of government health spending on economic growth in the framework of Chinese economy. We develop an endogenous growth model that includes government health spending as an important health human capital investment. Using time series data from 1978-2009, the empirical result suggests that government health spending in China has a robust positive effect on economic growth with an elasticity of 0.472523 during this period, but the scale of this spending is still insufficient, which may restrict China's economic growth. Policy makers still have a lot to do to tap into the potential of government health spending with regard to its health human capital effect on economic growth.
AB - This paper investigates the impact of government health spending on economic growth in the framework of Chinese economy. We develop an endogenous growth model that includes government health spending as an important health human capital investment. Using time series data from 1978-2009, the empirical result suggests that government health spending in China has a robust positive effect on economic growth with an elasticity of 0.472523 during this period, but the scale of this spending is still insufficient, which may restrict China's economic growth. Policy makers still have a lot to do to tap into the potential of government health spending with regard to its health human capital effect on economic growth.
KW - economic growth
KW - endogenous growth
KW - government health spending
KW - health human capital
UR - http://www.scopus.com/inward/record.url?scp=79960434524&partnerID=8YFLogxK
U2 - 10.1109/ICEBEG.2011.5882362
DO - 10.1109/ICEBEG.2011.5882362
M3 - Conference contribution
AN - SCOPUS:79960434524
SN - 9781424486946
T3 - 2011 International Conference on E-Business and E-Government, ICEE2011 - Proceedings
SP - 4138
EP - 4141
BT - 2011 International Conference on E-Business and E-Government, ICEE2011 - Proceedings
Y2 - 6 May 2011 through 8 May 2011
ER -