Year: 2013
Type: article
Abstract: Diabetes affects 10% of the adult population in Finland.This study is the first to estimate the impact of diabetes on the Finnish economy using a computable general equilibrium (CGE) model.The results show that the medical costs of treating diabetes together with the lost labour inputs of diabetic patients reduces long-run Finnish GDP by over one percent.Reduced labour supply has the greater negative effect on the economy relative to health care costs of diabetes.Furthermore, aggregate investment, household consumption and foreign trade are also negatively affected.Government consumption is higher by two percent.Industry level results indicate that labour intensive sectors are most affected.The paper goes on to examine the economic effects of three diabetes policy measures: a diabetes prevention program, a sugar tax, and combined package of prevention program and sugar tax.
Author: Kaarina Reini
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2098741237