Economic Growth, Health Input and Investment Benefits: Empirical Study Based on FAVAR Model / 中国卫生经济

ABSTRACT

Objective:To make full use of existing variables set,study on the dynamic connection between economic growth,health input and investment benefits.Methods:Using Factor Augmented VAR(FAVAR) to draw common factors and perform VAR estimation with the variables sets.Results:The impact of economic growth on health output had two sides.Increasing health input would significantly stimulate health output and economic growth.The increase of health level would promote economic growth in short time and hamper in the long run.Conclusion:The government should increase health input and consider the health loss brought by economic growth.It should prevent the not rich but old risk with the pursuit of health benefit.