Author(s)

Qi Xuanlin ¹

Affiliation(s)

¹ University of Glasgow, University Ave, Glasgow, G12 8QQ, United Kingdom

Corresponding Author

Qi Xuanlin

ABSTRACT

Based on the experience of developed countries, this paper theoretically analyzes the effect of medical development on economic growth from the perspective of labor factor input and pharmaceutical innovation industry development. It is thought that the further development of commercial medical insurance in China is more conducive to promoting future economic growth. From the aspects of independent pharmaceutical research and development, centralized procurement of drugs by the government, and anti-corruption in the medical system, the reform of China's medical field was investigated. And the analysis shows that this series of reforms is more conducive to the formation of a virtuous circle between the medical system and economic growth.

KEYWORDS

Economic growth; commercial medical insurance; pharmaceutical innovation; medical reform

CITE THIS PAPER

Qi Xuanlin, Some thoughts on the relationship between medical development and economic growth. Social Medicine and Health Management (2023) Vol. 4: 31-36. DOI: http://dx.doi.org/10.23977/socmhm.2023.040405.

REFERENCES

[1] Uzawa Hirofumi, On the dynamics stability of economic growth [M]. The Neoclassical versus Keynesian Approaches, In Trade, Stability, and Macroeconomics, 1974, London: 523 - 553
[2] Cockburn, I. M., Stern, S., Finding the endless frontier: lessons from the life sciences innovation system for technology policy [J]. Capitalism and society, 2010, 5(1): 1-50. 
[3] Mahlich J., The Japanese pharmaceutical industry in transition: has higher research orientation resulted in higher market value? [J]. Asian business & management, 2007, 6 (1): 78-94.
[4] Barro, R. Health and Economic Growth [C]. Annals of Economics and Finance, 2013, 14 (2): 12- 35. 
[5] Davis, E., Hu, Y., Is There A Link Between Pension - Fund Assets And Economic Growth [C]. Public Policy Discussion Papers, 2004.

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