The Impact of Health Metrics (DALYs) on Economic Growth: A Cobb-Douglas Production Function Approach
Event Type
Research Presentation
Academic Department
Mathematics and Statistics
Location
Dana Science Building, 2nd floor
Start Date
25-4-2025 1:00 PM
End Date
25-4-2025 2:30 PM
Description
Under the direction of Dr. Molly Lynch and Dr. Giancarlo Schrementi
This project examines the impact of public health investment on long-run economic growth through a dynamic overlapping generations (OLG) model. The analysis focuses on how health expenditure affects labor efficiency in older populations and, subsequently, capital accumulation and savings behavior. The model demonstrates that under certain threshold conditions, health investments can lead to stable economic outcomes, while in other cases, they may generate complex equilibrium dynamics such as cycles. By highlighting the economic significance of health as a productive factor, this research underscores the importance of integrating health policy into broader growth models, particularly in contexts of aging populations.
The Impact of Health Metrics (DALYs) on Economic Growth: A Cobb-Douglas Production Function Approach
Dana Science Building, 2nd floor
Under the direction of Dr. Molly Lynch and Dr. Giancarlo Schrementi
This project examines the impact of public health investment on long-run economic growth through a dynamic overlapping generations (OLG) model. The analysis focuses on how health expenditure affects labor efficiency in older populations and, subsequently, capital accumulation and savings behavior. The model demonstrates that under certain threshold conditions, health investments can lead to stable economic outcomes, while in other cases, they may generate complex equilibrium dynamics such as cycles. By highlighting the economic significance of health as a productive factor, this research underscores the importance of integrating health policy into broader growth models, particularly in contexts of aging populations.