Health And Economic Growth Pdf
File Name: health and economic growth .zip
- Modeling the effects of health on economic growth.
- The impact of economic growth on health care utilization: a longitudinal study in rural Vietnam
- The Effect of Health on Economic Growth: Theory and Evidence
- Health and Economic Growth in Ghana: An Empirical Investigation
Modeling the effects of health on economic growth.
Social security systems were successively established in most developing countries in the s and s. To ensure the long-term sustainability of these newly established systems it is essential to carefully monitor the economic impact.
Based on the panel data of 21 developing countries from to , this paper is the first to apply the panel threshold model to empirically analyze the relationship between national health expenditures and economic growth under different levels of human capital. The results show that health expenditure and economic growth have significant interval effects because of the different levels of human capital.
Specifically, when human capital levels are low, health expenditure is significantly negatively correlated with economic growth. When human capital is at a medium level, health expenditure has a positive but not significant impact on economic growth.
When the level of human capital is high, the positive economic impact of the health expenditure is significantly enhanced. In addition, subgroup analyses indicate that population aging and low fertility aggravate the negative impact of health expenditures on economic growth. This study provides reliable analysis and can be used by developing countries to maintain a long-term sustainable social security system.
This is a preview of subscription content, access via your institution. Rent this article via DeepDyve. Alesina, A. Distributive politics and economic growth. The Quarterly Journal of Economics, 2 , — Google Scholar. Anand, S. Human development in poor countries: On the role of private incomes and public services.
Journal of Economic Perspectives, 7 1 , — Atilgan, E. The dynamic relationship between health expenditure and economic growth: Is the health-led growth hypothesis valid for Turkey? The European Journal of Health Economics, 18 5 , — Bai, J. Estimating multiple breaks one at a time. Econometric Theory, 13 3 , — Baicker, K. Public financing of the Medicare program will make its uniform structure increasingly costly to sustain.
Health Affairs, 32 5 , — Baldacci, E. Social spending, human capital, and growth in developing countries. World Development, 36 8 , — Benhabib, J. The role of human capital in economic development evidence from aggregate cross-country data. Journal of Monetary Economics, 34 2 , — Bloom, D.
Longevity and life-cycle savings. Scandinavian Journal of Economics, 3 , — Population dynamics and economic growth in Asia. Population and Development Review, 26, — Macroeconomic implications of population ageing and selected policy responses. The Lancet, , — Health and economic growth. Oxford encyclopedia of economics and finance.
Oxford: Oxford University Press. Caliendo, F. Myopia, education, and optimal social security. Available at SSRN. Macroeconomics and health: Investing in health for economic development.
Darby, M. The effects of social security on income and the capital stock. Di Pietro, G. Equality of opportunity in Italian university education: Is there any role for social welfare spending? International Journal of Educational Development, 23 1 , 5— Ehrlich, I. Social security and demographic trends: Theory and evidence from the international experience.
Review of Economic Dynamics, 10 1 , 55— Social security, the family, and economic growth. Economic Inquiry, 36 3 , — The relationship between health expenditure and economic growth in Turkey from to Journal of Politics, 1 1 , 1—8. European Commission. The contribution of health to the economy of the European Union. Feldstein, M. Social security, induced retirement, and aggregate capital accumulation.
Journal of Political Economy, 82 5 , — Ghorbel, A. Journal of Business Management and Economics, 4 8 , 36— Grossman, M. On the concept of health capital and the demand for health.
Journal of Political Economy, 80 2 , — Guest, R. Fertility, income inequality, and labour productivity. Oxford Economic Papers, 60 4 , — Gupta, S. Public spending on health care and the poor. Health Economics, 12 8 , — Hanson, B.
OECD measures on human capital and potential use in educational accounts. In Workshop on the measurement of human capital. Hansen, B.
Inference when a nuisance parameter is not identified under the null hypothesis. Econometrica: Journal of the Econometric Society, 64, — Threshold effects in non-dynamic panels: Estimation, testing, and inference. Journal of Econometrics, 93 2 , — Hanushek, E. Economic growth in developing countries: The role of human capital.
Economics of Education Review, 37, — Inekwe, J. Social Indicators Research, 3 , — Kitao, S. Sustainable social security: Four options. Review of Economic Dynamics, 17 4 , — Lucas, R. On the mechanics of economic development. Journal of Monetary Economics, 22 1 , 3— Mayer, S.
Some mechanisms linking economic inequality and infant mortality. Social Science and Medicine, 60 3 , — Murphy, K.
The value of health and longevity.
The impact of economic growth on health care utilization: a longitudinal study in rural Vietnam
Skip to search form Skip to main content You are currently offline. Some features of the site may not work correctly. DOI: Bhargava and D. Jamison and L. Lau and C.
Second, the relation between health and economic growth changes over the process of economic development. Third, different dimensions of health (mortality vs.
The Effect of Health on Economic Growth: Theory and Evidence
Health care cost growth is among the most important issues facing the United States and other developed countries. This article describes the rapid growth in expenditure in most developed countries, and discusses the factors that have driven this growth, such as population aging, general economic growth, and the adoption and use of new medical technologies. The public financing aspect of health care spending adds an additional dimension to assessing the impact of rapid health care cost growth.
In this paper, the growth effect of health in Ghana is examined for the period — Life expectancy at birth is used as proxy for health, and real per capita gross domestic product GDP for economic growth. The autoregressive distributed lag ARDL bounds test approach to cointegration is used to estimate the short- and long-run effects of health on economic growth.
Sevilla No , NBER Working Papers from National Bureau of Economic Research, Inc Abstract: Macroeconomists acknowledge the contribution of human capital to economic growth, but their empirical studies define human capital solely in terms of schooling. In this paper, we extend production function models of economic growth to account for two additional variables that microeconomists have identified as fundamental components of human capital: work experience and health. Our main result is that good health has a positive, sizable, and statistically significant effect on aggregate output. We find little variation across countries in average work experience, thus differentials in work experience account for little variation in rates of economic growth.
Health and Economic Growth in Ghana: An Empirical Investigation
This paper re-examines health-growth relationship using an unbalanced panel of 17 advanced economies for the period — and employs panel generalised method of moments estimator that takes care of endogeneity issues, which arise due to reverse causality. We utilise macroeconomic data corresponding to inflation, government expenditure, trade and schooling in sample countries that takes care of omitted variable bias in growth regression. With alternate model specifications, we show that population health proxied by life expectancy exert a positive and significant effect on both real income per capita as well as growth. Our results are in conformity with the existing empirical evidence on the relationship between health and economic growth, they, however, are more robust due to the presence of long-term data, appropriate econometric procedure and alternate model specifications. We also show a strong role of endogeneity in driving standard results in growth empirics. In addition to life expectancy, other constituent of human capital, education proxied by schooling is also positively associated with real per capita income. Policy implication that follows from this paper is that per capita income can be boosted through focussed policy attention on population health.
David N. I use microeconomic estimates of the effect of health on individual outcomes to construct macroeconomic estimates of the proximate effect of health on GDP per capita. I employ a variety of methods to construct estimates of the return to health, which I combine with cross-country and historical data on height, adult survival rates, and age at menarche. Using my preferred estimate, eliminating health differences among countries would reduce the variance of log GDP per worker by 9. While this effect is economically significant, it is also substantially smaller than estimates of the effect of health on economic growth that are derived from cross-country regressions.
Users also downloaded
Publicly available datasets were analyzed in this study. This research explores the association of public health expenditure with economic performance across the United States. Healthcare expenditure can result in better provision of health opportunities, which can strengthen human capital and improve the productivity, thereby contributing to economic performance. It is therefore important to assess the phenomenon of healthcare spending in a country. Using visual analytics, we collected economic and health data from the Bureau of Economic Analysis and the Bureau of Labor Statistics for the years —
In the long term, growing economies are associated with longer and healthier lives. In the short term, that may not be the case—economic booms can boost mortality rates and busts can reduce them. There are many theories why, and some evidence to suggest the health system may have something to do with it. Historically, long-run improvements in health have been tied to economic growth through 3 broad mechanisms: better nutrition, enhancements in public health infrastructure such as sanitation and cleanliness of water supply , and more effective medical technology such as antibiotics and vaccines. The results of many studies exhibit this familiar wealth-health connection , both across nations and within them. Citizens of nations with higher average incomes tend to live longer and, despite that, experience fewer years of disability. Women in higher-income nations have lower rates of anemia.
Social security systems were successively established in most developing countries in the s and s. To ensure the long-term sustainability of these newly established systems it is essential to carefully monitor the economic impact. Based on the panel data of 21 developing countries from to , this paper is the first to apply the panel threshold model to empirically analyze the relationship between national health expenditures and economic growth under different levels of human capital. The results show that health expenditure and economic growth have significant interval effects because of the different levels of human capital.
It seems that you're in Germany. We have a dedicated site for Germany. This edited collection explores the links between human capital both in the form of health and in the form of education , demographic change, and economic growth. Using empirical as well as theoretical perspectives, the authors investigate several important issues in the context of human capital, namely population ageing, inequality, public policy, and long-term economic development.
GDP was not designed to assess welfare or the well being of citizens. It was designed to measure production capacity and economic growth. A number of countries, including India, are paving the way. Economic growth has raised living standards around the world.