Health and Economic Growth

Bloom, David E.; Kühn, Michael; Prettner, Klaus

doi:10.1093/acrefore/9780190625979.013.36

Cited by 49 publications

(45 citation statements)

References 104 publications

(67 reference statements)

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

Section: Impact Of Randd In Healthcare-related Fields On Economic Dementioning

confidence: 99%

“…Improvements in healthcare services and infrastructure within a nation constitute an essential component when it comes to assessments of economic development, and are the building blocks for sustained economic growth [ 19 ]. Thus, while life expectancy figures show no significant correlation with the long-run growth rate at the steady state, life expectancy does positively affect long-run economic growth [ 19 ]. In fact, Prettner shows that increasing life expectancy has an unambiguously positive effect on technological progress and long-run economic growth, in the cases of both endogenous and semi-endogenous growth models [ 20 ].…”

Section: Impact Of Randd In Healthcare-related Fields On Economic Dementioning

confidence: 99%

“…This, in turn, raises the discounted stream of income derived by investing in successful R&D projects. The incentive to carry out R&D increases, which boosts technological progress and long-run economic growth” [ 19 ].…”

Section: Impact Of Randd In Healthcare-related Fields On Economic Dementioning

confidence: 99%

See 2 more Smart Citations

Enhancing Research and Development in the Health Sciences as a Strategy to Establish a Knowledge-Based Economy in the State of Kuwait: A Call for Action

et al. 2020

View full text Add to dashboard Cite

Kuwait Vision 2035 is an initiative that was launched in 2017 by His Highness the Emir of the State of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah. This initiative includes the implementation of a detailed development plan aimed at transforming the state of Kuwait into a regional leader in science, technology, and innovation. Health research will arguably prove to be one of the most impactful research arenas when it comes to accomplishing the goals set forth by the Kuwait Vision 2035 Development Plan. The high impact of health research is derived from its capacity to aid in the establishment of a knowledge-based health industry. The state of Kuwait lacks a system for promoting and managing national R&D efforts. At present, the research and development (R&D) expenditure in the state of Kuwait is far below the international standards that have been shown to lead to innovation and the subsequent development of a knowledge-based economy. Improvement of the weak and unstructured existing R&D apparatus in the State of Kuwait is among the most urgent challenges facing the nation as it strives toward innovation and development of a knowledge-based economy. Developing health research capacities in the State of Kuwait can significantly contribute toward improving public health, health promotion, disease prevention and treatment, and overall human welfare. Importantly, the positive impacts of such extensive benefits will not be restricted to the state of Kuwait and its citizens, but may in fact reap benefits for the global society as a whole. This article first analyzes the current status of healthcare services and health science research in the State of Kuwait, and then summarizes some essential R&D design principles that Kuwait needs to implement in order to achieve the milestones set forth in the Kuwait Vision 2035 Development Plan.

show abstract

Section: Impact Of Randd In Healthcare-related Fields On Economic Dementioning

confidence: 99%

Section: Impact Of Randd In Healthcare-related Fields On Economic Dementioning

confidence: 99%

See 1 more Smart Citation

Enhancing Research and Development in the Health Sciences as a Strategy to Establish a Knowledge-Based Economy in the State of Kuwait: A Call for Action

et al. 2020

View full text Add to dashboard Cite

show abstract

“…The results show that good health has a significant positive effect on overall production. Many previous studies have focused on assessing the impact of large-scale health sustainability, except for the distribution of health resources (Bloom, Kuhn, & Prettner, 2019). Badri & Badri tested the common complementarity between health spending and GDP in OECD countries (Badri & Badri, 2016).…”

Section: Health Expenditures Versus Economic Growthmentioning

confidence: 99%

Health Expenditure, CO2 Emissions, and Economic Growth: China vs. India

Atuahene¹,

Kong²,

Bentum‐Micah³

2020

Preprint

View full text Add to dashboard Cite

Researchers’ attention has been turned on Health expenditure, Carbon emissions, and economic growth as they play a focal role in the current debate on environmental protection and sustainable development. Our paper endeavors to investigate the impact of economic growth and CO2 emissions on Health expenditure for two main countries in Asia (China and India) using a dynamic panel data model estimated employing the Generalized Method of Moments (GMM) for the period 1960–2019. Our empirical results show that there is a significant relationship between health expenditure, CO2 emissions, and economic growth. The empirical evidence indicates a significant positive impact of CO2 emissions on health expenditure whiles economic growth has a negative impact on health expenditure for both countries for the period under study. The population growth rate has transposed effect on India's health spending; on the other hand, its impact on China’s health spending is significantly positive. The strong observable correlation between health expenditure and economic growth is crucial for economic development.

show abstract

“…Investing in preventing, curing, or slowing the progression of NCDs therefore confers, at least in principle, both health and economic benefits. See Bloom et al (2018) for a review of economic theory and evidence on the links from health to macroeconomic performance [ 9 ].…”

Section: Introductionmentioning

confidence: 99%

The macroeconomic burden of noncommunicable diseases in the United States: Estimates and projections

et al. 2018

Self Cite

View full text Add to dashboard Cite

We develop and calibrate a dynamic production function model to assess how noncommunicable diseases (NCDs) will affect U.S. productive capacity in 2015–2050. In this framework, aggregate output is produced according to a human capital–augmented production function that accounts for the effects of projected disease prevalence. NCDs influence the economy through the following pathways: 1) when working-age individuals die of a disease, aggregate output undergoes a direct loss because physical capital can only partially substitute for the loss of human capital in the production process. 2) If working-age individuals suffer from a disease but do not die from it, then, depending on the condition’s severity, they tend to be less productive, might work less, or might retire earlier. 3) Current NCD interventions such as medical treatments and prevention require substantial resources. Part of these resources could otherwise be used for productive investments in infrastructure, education, or research and development. This implies a loss of savings across the population and hampers economy-wide physical capital accumulation. Our results indicate a total loss of USD94.9 trillion (in constant 2010 USD) due to all NCDs. Mental health conditions and cardiovascular diseases impose the highest burdens, followed by cancer, diabetes, and chronic respiratory diseases. In per capita terms, the economic burden of all NCDs in 2015–2050 is USD265,000. The total NCD burden roughly corresponds to an annual tax rate of 10.8% on aggregate income.

show abstract

Health and Economic Growth

Cited by 49 publications

References 104 publications

Enhancing Research and Development in the Health Sciences as a Strategy to Establish a Knowledge-Based Economy in the State of Kuwait: A Call for Action

Enhancing Research and Development in the Health Sciences as a Strategy to Establish a Knowledge-Based Economy in the State of Kuwait: A Call for Action

Health Expenditure, CO2 Emissions, and Economic Growth: China vs. India

The macroeconomic burden of noncommunicable diseases in the United States: Estimates and projections

Contact Info

Product

Resources

About