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A Three Sector, Integrated Approach To Economic Growth Modeling: Production, Human Capital, and Health Education
| Title: | A Three Sector, Integrated Approach To Economic Growth Modeling: Production, Human Capital, and Health Education |
| Author: | Tucker, Joseph James |
| Description: | The intent of this thesis is to model the interactions and interpret the ramifications of time invested in health education on the economy of a developing country. By constructing a three-sector economy, consisting of production, production education, and health education and by employing a Hamiltonian maximization technique, the aim of this thesis is to determine daily, non-leisure time allotments that encourage economic growth as well as delineate the time allotments that permit economic stagnation. This thesis presents an integrated approach to economic growth modeling by utilizing non-linear output modeling, incorporating logistic equation based technological, life-span, and productivity growth equations, and by combining inputs such as capital and life expectancy in order to yield one output. The interpretations that this model yields give insight pertaining to questions concerning foreign aid and international investment. The resulting conclusions indicate the validity of time spent in health education for increasing economic growth, given sufficient initial conditions, namely that productivity and human skill level are adequately high enough to maintain capital output despite less time being spent in production. |
| Permanent Link: |
http://rave.ohiolink.edu/etdc/view?acc_num=akron1216491725
http://hdl.handle.net/2374.OX/103767 |
| Date: | 2008 |
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