The role of health tourism in health capital accumulation: A dynamic optimization model of supplementary and substitutive investments

Author Identifier

Joshua Aston: https://orcid.org/0000-0002-7850-081X

Document Type

Journal Article

Publication Title

Anatolia

Publisher

Taylor & Francis

School

School of Business and Law

Publication Unique Identifier

10.1080/13032917.2025.2486121

Comments

You, J., Wen, J., Zhou, B., & Aston, J. (2025). The role of health tourism in health capital accumulation: A dynamic optimization model of supplementary and substitutive investments. Anatolia. Advance online publication. https://doi.org/10.1080/13032917.2025.2486121

Abstract

This study introduces a dynamic optimization model. It explores the roles of both explicit (medical) and implicit (health tourism) investments in health capital accumulation. The analysis covers three health states: healthy, sub-healthy, and diseased. Numerical simulations are used to examine the interaction between these investments. The results reveal their complementary and substitutive effects. Specifically, health tourism acts as a supplementary investment in healthy states. In contrast, it serves as a substitute in sub-healthy states. The model provides valuable insights for integrating health tourism into public health strategies. Such integration could enhance overall well-being and reduce healthcare costs.

DOI

10.1080/13032917.2025.2486121

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