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

Seema Narayan (), Paresh Narayan () and Sagarika Mishra

Journal of Asian Economics, 2010, vol. 21, issue 4, 404-411

Abstract: In this paper, we investigate the relationship between health and economic growth through including investment, exports, imports, and research and development (R&D), for 5 Asian countries using panel unit root, panel cointegration with structural breaks and panel long-run estimator for the period 1974-2007. We model this relationship within the production function framework, and unravel two important results. First, we find that in all four variants of the growth model, variables share a long-run relationship; that is, they are cointegrated. Second, we find that in the long-run, while health, investment, exports, EDRD (the interaction term between education and R&D), and R&D have contributed positively to economic growth, imports have had a statistically significant negative effect while education has had an insignificant effect. We draw important policy implications from these findings.

Keywords: Health; Economic; growth; Panel; unit; root; Panel; cointegration (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (35)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:asieco:v:21:y:2010:i:4:p:404-411

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