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  • P-ISSN 1738-656X
  • E-ISSN 2586-4130
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한국개발연구. Vol. 36, No. 4, November 2014, pp. 103-134

https://doi.org/10.23895/kdijep.2014.36.4.103

× KDI Open Access is a program of fully open access journals to facilitate the widest possible dissemination of high-quality research. All research articles published in KDI JEP are immediately, permanently and freely available online for everyone to read, download and share in terms of the Creative Commons Attribution 4.0 International License.

An Estimation on the Economic Value of Emergency Medical Facilities

Ho jun Lee; Sok Chul Hong

Author & Article History

Manuscript received 21 July 2014; revision received 22 July 2014; accepted 11 November 2014.

Abstract

We consider the economic value of emergency medical facilities. An emergency medical facility affects the medical environments in a community, and thus the social demand on the facility increases as the demand of qualified public health service increases. Regarding the increased demand and the limited resources of fiscal budget, it is important to scientifically evaluate the social benefit of the public investment on emergency medical facilities, as the results of evaluation can help make better budgetary decision on each public investment project of emergency medical facilities. In this paper, we try to estimate the economic value of emergency medical facilities based upon the estimated changes in preventable death rate by the facility and the statistical value of life. We hope the results contribute to improve the budgetary decision making on the emergency medical facility projects, thus the public health policies.

Keywords

응급의료시설(Emergency Medical Facilities), 통계적 생명가치(Statistical Value of Life), 응급사망률(Emergency Death Rate), 예방가능사망(Preventable Death)

JEL Code

H51, H43, I18

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