全球智库信息集成服务系统(G2TT): Adjusting National Accounting for Health: Is the Business Cycle Countercyclical?

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w19058
来源ID	Working Paper 19058
	Adjusting National Accounting for Health: Is the Business Cycle Countercyclical?
	Mark L. Egan; Casey B. Mulligan; Tomas J. Philipson
发表日期	2013-05-16
出版年	2013
语种	英语
摘要	Many national accounts of economic output and prosperity, such as gross domestic product (GDP) or net domestic product (NDP), offer an incomplete picture by ignoring, for example, the value of leisure, home production, and the value of health. Previous discussed shortcomings of such accounts have focused on how unobserved dimensions affect GDP levels but not their cyclicality, which affects the measurement of the business cycle. This paper proposes a new methodology to measure economic fluctuations that incorporates monetized changes in health of the population in the United States and globally during the past 50 years. In particular, we incorporate in GDP the dollar value of mortality, treating it as depreciation in human capital analogous to how net domestic product (NDP) treats depreciation of physical capital. Because mortality tends to be pro‐cyclical, we find that adjusting for mortality reduces the measured deviations of GDP from trend during the past 50 years by about 30% both in the United States and internationally.
主题	Macroeconomics ; Health, Education, and Welfare ; Health
URL	https://www.nber.org/papers/w19058
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/576732
推荐引用方式 GB/T 7714	Mark L. Egan,Casey B. Mulligan,Tomas J. Philipson. Adjusting National Accounting for Health: Is the Business Cycle Countercyclical?. 2013.