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    The economic burden of chronic diseases: Estimates and projections for China, Japan, and South Korea

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    Fulltext not available
    Authors
    Bloom, D.
    Chen, S.
    Kuhn, M.
    McGovern, M.
    Oxley, Leslie
    Prettner, K.
    Date
    2019
    Type
    Journal Article
    
    Metadata
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    Citation
    Bloom, D. and Chen, S. and Kuhn, M. and McGovern, M. and Oxley, L. and Prettner, K. 2019. The economic burden of chronic diseases: Estimates and projections for China, Japan, and South Korea. Journal of the Economics of Ageing.
    Source Title
    Journal of the Economics of Ageing
    DOI
    10.1016/j.jeoa.2018.09.002
    ISSN
    2212-828X
    School
    School of Economics and Finance
    URI
    http://hdl.handle.net/20.500.11937/74263
    Collection
    • Curtin Research Publications
    Abstract

    We propose a novel framework to analyze the macroeconomic impact of non-communicable diseases. We incorporate measures of disease prevalence into a human capital augmented production function, which enables us to determine the economic burden of chronic health conditions in terms of foregone gross domestic product (GDP). Unlike earlier frameworks, this approach allows us to account for i) variations in human capital for workers in different age groups, ii) mortality and morbidity effects of non-communicable diseases, and iii) the treatment costs of diseases. We apply our methodology to China, Japan, and South Korea, and estimate the economic burden of chronic conditions in five domains (cardiovascular diseases, cancer, chronic respiratory diseases, diabetes, and mental health conditions). Overall, total losses associated with these diseases over the period 2010–2030 are (measured in real USD with the base year 2010) estimated to be $7.7 trillion for China, $3.5 trillion for Japan, and $1 trillion for South Korea.

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