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Kei Hosoya
''Tax financed government health expenditure and growth with capital deepening externality''
( 2003, Vol. 5 No.14 )
This paper develops a two-sector endogenous growth model with health capital and examines the impact tax financed health expenditure has on long-run growth. In this model, health capital is accumulated through government spending as a flow channel and a capital deepening externality as a stock channel. When arguing about the problem of growth maximizing flat tax, the latter channel plays a significant role for determining tax rate.
JEL: E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General
I1 - Health: General
Manuscript Received : Jun 10 2003 Manuscript Accepted : Aug 21 2003

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