Health Expenditure, Human Capital and Economic Growth：Based on Analysis of Simultaneous Equations
10.7664/CHE20140403
- VernacularTitle:卫生费用支出、人力资本与经济增长：基于联立方程的研究
- Author:
Xiaosheng YANG
;
Hailan LIU
;
Ran AN
- Publication Type:Journal Article
- Keywords:
health expenditure;
human capital;
economic growth;
simultaneous equation;
three-stage least squares
- From:
Chinese Health Economics
2014;(4):11-12
- CountryChina
- Language:Chinese
-
Abstract:
Objective: To investigate the function of the heath expenditure in the role of the economic growth through the research on the effect by the human capital. Methods: To establish endogenous growth models and human capital growth models of simultaneous equations, to analyze the mechanism by the method of a three-stage least squares. Results: Growth of human capital is positively related to economic growth, health expenditure growth is negatively related to economic growth, health expenditure growth and growth of human capital is positively correlated. Conclusion: Influences of health expenditure growth on economic growth depends on the comprehensive response.
