Theoretical and Applied Economics
No. 1 / 2021 (626), Spring
Health, health production and input financing: A theoretical note
Visva-Bharati University, Santiniketan, India
Saswati CHAUDHURI
St. Xavier’s College (Autonomous), Kolkata, India
Arindam MANDAL
Siena College, Loudonville, NY, USA
Abstract. We develop a health production model with input financing in the spirit of standard health capital model. Health production depends not only on tangible inputs required to produce health services, but also depends on institutional set up or governance, and general awareness about health and related issues. In our model, part or all of inputs required to produce health is financed through tax revenues. Using Cobb-Douglas utility and production function, we explore the optimum tax rate under various scenarios of health care financing through tax revenues. The model is further extended to account for increasing returns to scale where input elasticity parameters in health production are not same. We find that increasing returns to scale in health production calls for higher tax rate to finance health productions.
Contents
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Influences and spatial effects on subjective well-being
Pre- and post- analysis of Bank of Japan’s policy implementation of negative interest rates
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Romania’s coal-fired power plants efficiency and pollution in the context of the European green deal
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Energy and economic growth. An empirical analysis
Fiscal competition and public expenditure composition in the era of globalization: Panel data analysis
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Capital account liberalisation in India: Volatility of capital flows and selective policy issues
Health, health production and input financing: A theoretical note
The response of monetary policy to the COVID-19 pandemic in Turkey. The path of a credit-based economic recovery
The co-integration and causal relationship between saving and economic growth in India
Does exchange rate volatility affect financial depth? Evidence from BRICS countries
Debt-financed public investment in developing countries: Does the efficiency of public investment matter?
Dynamic connection between macroeconomic variables and sectoral stock returns: Evidence from India
A pragmatic evaluation of the interconnection between currency futures return volatility, open interest and volume
Fiscal policy and growth-inequality tradeoffs: Bayesian evidence from Cote d’Ivoire
My colleague is corrupt: Information disclosure to control corruption