Abstract
Country experiences in Australia, New Zealand, Norway, Taiwan, and UK have been in favor of telehealth services since the early 1990s. Though a few studies do discuss evidence of the efficacy and cost-effectiveness of telehealth programs, the literature might limit to financial evaluation. This research investigates the welfare implications of conventional in-person and telecommunications health care as improving health levels or preventing health from deterioration for efficient resource allocation by incorporating government intervention for equal accessibility of health care in the economic progress perspective. Analytical findings indicate that the inverse U shape relationship between telehealth expenditure share and social welfare status exists as the nonlinear nexus between telehealth expenditure share and economic growth presents. The health dividend in terms of an enhanced economic growth rate can be achieved only when the initial share of telehealth expenditure is smaller than the growth-maximizing share. For economic sustainable development, telehealth initiatives strengthen rather than compete with conventional in-person health care. Research results guide the countries, which have or will have telehealth systems, for effectively allocating medical resources to stimulate economic growth and improve the population's well-being.
Highlights
Equality of access of the population to health care services is an important political and public health issue for over three decades
Country experiences in Australia, New Zealand, Norway, Taiwan, and UK have been in favor of telehealth services since the early 1990s by conducting a remote consultation with a general practitioner and guide him through a consultation with a patient by means of a two-way audio and video connection
This research adheres to this principle and is based on Technological and Economic Development of Economy, 2012, 18(4): 711–721 the standard growth model of Barro (1990) to establish a new growth framework to analyze how the allocation of medical resources between telecommunications and in-person health care systems does affect economic progress and social welfare
Summary
Equality of access of the population to health care services is an important political and public health issue for over three decades. Health care provisions through telecommunications are expected to link the economic growth and the development of new health services With this background, this research turns to provide a framework to investigate the welfare implications of conventional in-person and telecommunications health care as improving health levels or preventing health from deterioration for efficient resource allocation by incorporating government intervention for equal accessibility of health care in the economic progress perspective. This research adheres to this principle and is based on Technological and Economic Development of Economy, 2012, 18(4): 711–721 the standard growth model of Barro (1990) to establish a new growth framework to analyze how the allocation of medical resources between telecommunications and in-person health care systems does affect economic progress and social welfare.
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