Health and Endogenous Growth

A.H. van Zon, J. Muysken

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

The focus of endogenous growth theory on human capital formation and the physical embodiment of knowledge in people, suggests the integration of the growth supporting character of health production and the growth generating services of human capital accumulation in an endogenous growth framework. We show that a slow down in growth may be explained by a preference for health that is positively influenced by a growing income per head, or by an ageing population. Growth may virtually disappear for countries with high rates of decay of health, low productivity of the health-sector, or high rates of discount.
Original languageEnglish
Pages (from-to)169-185
JournalJournal of Health Economics
Volume20
Issue number2
DOIs
Publication statusPublished - 1 Jan 2001

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