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The health economy in Mexico

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  • Lomelí Vanegas, Leonardo

Abstract

The global health crisis caused by the coronavirus disease (COVID-19) pandemic has highlighted the important connection between the economy and health. This relationship exists at the microeconomic, macroeconomic and institutional levels, as health markets tend to suffer from market failures; health expenditure tends to increase as a percentage of gross domestic product (GDP), and its financing has long-term implications for public finances. In the case of Mexico, the creation of a public health system that is segmented —as a result of the social protection scheme applied since 1943, which has been reformed several times in recent years— has contributed to making access to health a major factor in inequality, playing a part in the multidimensional poverty of a significant segment of the population.

Suggested Citation

  • Lomelí Vanegas, Leonardo, 2020. "The health economy in Mexico," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    • Handle: RePEc:ecr:col070:46934
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    References listed on IDEAS

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    1. Angus Deaton, 2015. "The Great Escape: Health, Wealth, and the Origins of Inequality," Economics Books, Princeton University Press, edition 1, number 10054.
    2. David Mayer, 2001. "The long-term impact of health on economic growth in Mexico, 1950-1995," Journal of International Development, John Wiley & Sons, Ltd., vol. 13(1), pages 123-126.
    3. -, 2020. "Health and the economy: A convergence needed to address COVID-19 and retake the path of sustainable development in Latin America and the Caribbean," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 45841 edited by Eclac, May.
    4. Mayer, David, 2001. "The Long-Term Impact of Health on Economic Growth in Latin America," World Development, Elsevier, vol. 29(6), pages 1025-1033, June.
    5. -, 2020. "Health and the economy: A convergence needed to address COVID-19 and retake the path of sustainable development in Latin America and the Caribbean," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 45841 edited by Eclac, May.
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