Investigating the relationship between health and economic growth: Empirical evidence from a panel of 5 Asian countries

Narayan, Seema; Narayan, Paresh Kumar; Mishra, Sagarika

doi:10.1016/j.asieco.2010.03.006

Cited by 94 publications

(61 citation statements)

References 64 publications

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“…Healthier workers with higher productivity earn higher wages [30]. Higher wages in turn contribute to higher consumption and savings, which by virtue of improving the well being and happiness of people contribute to economic growth [28].…”

Section: Model and Theoretical Frameworkmentioning

confidence: 99%

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The Impact of Health Expenditure on the Economic Growth in Sub-Saharan Africa

Aboubacar¹,

Xu²

2017

TEL

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This paper examined the nexus between health care expenditure and economic growth in Sub-Saharan Africa over the period 1995-2014. We use the system General Method of Moments (GMM) technique to estimate the results. The findings reveal the existence of a positive and a statistically significant relationship between the two variables, precisely; health expenditure has a significant impact on the economic growth of the region. Regarding the control variables, while the effect of official development assistance on economic growth is insignificant, foreign direct investment, the active population and gross domestic savings appear as key determinants of economic growth in the region. Additionally, the results show that health care is a necessity rather than a luxury in Sub-Saharan Africa. It is therefore necessary to develop effective and efficient health care programs, increase health expenditure, make an effective use of the young population and create better environment for foreign direct investment in order to foster economic growth in Sub-Saharan Africa.

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Section: Model and Theoretical Frameworkmentioning

confidence: 99%

“…To build the models, we consider the following aggregate production function adapted from the work of [28]:…”

Section: Model and Theoretical Frameworkmentioning

confidence: 99%

The Impact of Health Expenditure on the Economic Growth in Sub-Saharan Africa

Aboubacar¹,

Xu²

2017

TEL

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“…They conclude that, the stock of health human capital has a positive and statistically significant effect on the growth of per capita income in both samples and this positive effect are quadratic. Narayan, Narayan and Mishra [21] investigate the relationship between health and economic growth. They conducted panel unit root, panel co-integration analyses with structural breaks and panel long-run estimator and they used investment, imports, exports and research/development as variables, for the period 1974-2007.…”

Section: Human Capital Health Expenditure and Economic Growthmentioning

confidence: 99%

Dynamics of Health Expenditures in OECD Countries: Panel ARDL Approach

Doğan¹,

Tülüce²,

Dogan³

2014

TEL

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This study used a panel data set, which is including 15 OECD countries that had high income per capita for the time period of 1995-2011. Following causality and autoregressive distributed lag (ARDL), paper yields: 1) respectively the largest and the smallest impacts on health expenditures are caused by public spending and the influences of Age Dependency Ratio Young (ADRY); 2) income and Age Dependency Ratio Old (ADRO) on health expenditures are positive; 3) another striking inference is that while young working population rate is increasing, health expenditure is decreasing.

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“…They found a significant causality. Narayan et al (2010) found that health has a first-hand effect on some factors (labor efficiency, labor force participation, savings rates, investment rates, social welfare and income, etc.) of human capital.…”

Section: Introductionmentioning

confidence: 99%

The Relationship Between Health and Growth in Eurasian Economic Union*

Kuloğlu¹,

Topçu²

2016

EJEF

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This paper examines the long run and causal relationship between health expenditures and economic growth in the in Eurasian Economic Union over the period 1995-2014. For this examination, panel cointegration and causality methodologies are utilized. Cointegration results which obtained from Pedroni and Kao tests support an evidence of a long run relationship among the variables under investigation. Long run elasticities indicate that health expenditures affect growth positively. Causality results, on the other side, provide a strong support of a bidirectional running between health expenditures and economic growth both in the short and in the long run.

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Investigating the relationship between health and economic growth: Empirical evidence from a panel of 5 Asian countries

Cited by 94 publications

References 64 publications

The Impact of Health Expenditure on the Economic Growth in Sub-Saharan Africa

The Impact of Health Expenditure on the Economic Growth in Sub-Saharan Africa

Dynamics of Health Expenditures in OECD Countries: Panel ARDL Approach

The Relationship Between Health and Growth in Eurasian Economic Union*

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