The impact of economic growth in mortality modelling for selected OECD countries

Abstract

The health of a population is affected by social, environmental, and economic factors. Pension providers and consultants, insurance companies, government agencies and individuals in the developed world have a vested interest in understanding how the economic growth will impact on the life expectancy of their population. Therefore, changes in death rates may occur due to climate and economic changes. In this study, we extend a previous study into excess deaths as a result of climate change to also provide a comprehensive investigation of the impact of economic changes using annual female and male data for 5 developed OECD countries. We find that there is strong negative relationship between mortality index, and climate and economic proxies. This model shows to provide better fitting and forecasting results both for females and males, and for all countries studied.

Pharmaceutical consumption, economic growth and life expectancy in the OECD: the application of a new causal direction from dependency algorithm and a DeepNet process

“…Also, findings show that GDP per capita positively enhances life expectancy at birth, 40, and 60, with a systematic positive and significant generated predictive value, although a greater value is found for life expectancy at 40. This validates Dutton et al . (2020) who modelled the existence of a negative impact of economic growth on changes in death rates for 5 OECD countries.…”

“…Also, findings show that GDP per capita positively enhances life expectancy at birth, 40, and 60, with a systematic positive and significant generated predictive value, although a greater value is found for life expectancy at 40. This validates Dutton et al (2020) who modelled the existence of a negative impact of economic growth on changes in death rates for 5 OECD countries. Similarly, pharmaceutical sales per capita do substantially trigger improvements in life expectancy, with an associated magnitude higher compared to the one produced when GDP is the input target.…”

“…Building on these empirical analyses, recent research has shed further light on the dynamic interplay between health and economic development. For instance, Dutton et al . (2020) presented a counterintuitive model linking economic prosperity to mortality rates in OECD nations.…”

“…Building on these empirical analyses, recent research has shed further light on the dynamic interplay between health and economic development. For instance, Dutton et al (2020) presented a counterintuitive model linking economic prosperity to mortality rates in OECD nations. Meanwhile, Yıldırım et al (2020) emphasized the positive correlation between increased life expectancy and economic growth within the context of sustainable development.…”

Macro-economic variables and mortality rate nexus: focus on Nigeria

“…It is a known fact that the population health of any country is determined by three essential factors, which are economic, environmental and social factors, and this explains the reason why health decision-makers like government, insurance companies and health consultants have a keen interest in understanding how economic growth affects key health indicators like life expectancy, mortality rate, crude death rate etc. According to Dutton et al. (2019), in their study on the influence of economic growth on mortality modeling, some selected countries discovered a strong but negative connection between mortality rate and economic growth.…”