Computable General Equilibrium Models

Definition

Health Economics

  • These models are descendants of input-output models, based on a matrix of the flows of goods and services between all the sectors of the economy and all flows of factors of production, with elasticities that describe the quantitative empirical responsiveness of sectors if any component should change. They have been used in health economics to explore the consequences of health care interventions on non-health sectors. R.D.
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