Wealth and health revisited: Economic growth and wellbeing in developing countries, 1970 to 2015

An overview on the correlation between the economic status of a country and the population’s health indicators

“…The pvalue of the model is also low enough, while the F parameter is higher than the table value (at 5% confidence). This is a reasonable level and can be considered a positive result, which comes in line with the results of Wang et al (2014) and Cole (2019). Also, in the model, the HF parameter, even if not statistically significant (its p-value is very high) displays a negative influence, which should not be considered normal.…”

“…Life expectancy can increase, at a difference of 10.000 RMB (renminbi), with 0.49 years. Cole's (2019) analysis on 134 developing countries shows that a five year economic growth rate in per capita GDP increases life expectancy and reduces infant mortality. Wang et al (2015) also show that life expectancy has significant positive correlation with GDP per capita in China, GDP per capita being related with better living conditions and more public investments in the healthcare system.…”

Longevity and Economic Growth in China and India Using a Newly Developed Bootstrap ARDL Model

“…Economic growth is pro-cyclical for health progress, raising life expectancy and lowering mortality, as reported by Pritchett and Summers (4), Filmer and Pritchett (5), Gerdtham and Johannesson (6), Svensson (7), Baird et al (8), Weil (9), Sharma (10), and Cole (11). In contrast, some studies show a link between economic growth and mortality, a counter-cyclical relationship as reported by Ruhm (12,13), Cutler et al (14), Economou et al (15), Granados (16), van den Berg et al (17).…”

“…Theoretically, economic growth can provide governments with the necessary tools to build an improved health system and to invest in technologies, governance, education, and institutional quality. (11) show that economic growth is pro-cyclical for health progress.…”

“…Using a continuous wavelet analysis, Chen (24) examined the dynamic connection between health progress and economic growth from 1934 to 2010, in the US, and resolved the counter-cyclicality of longevity in the short term with the pro-cyclicality of life expectancy longer business cycles. Cole (11) implied that economic growth is pro-cyclical for health, but if the society is richer, the economic effect on health becomes weaker.…”