The impact of health on GDP: A panel data investigation

Aliona Neofytidou and Stilianos Fountas

The Journal of Economic Asymmetries, 2020, vol. 21, issue C

Abstract: Using a balanced panel of 19 industrial economies and a long time series ranging from 1950 to 2013, we investigate the short-run and long-run relationship between health, proxied by life expectancy, and income using panel cointegrating analysis and panel Granger causality. We find that total life expectancy, male life expectancy, and female life expectancy have all a positive and statistically significant short-run and the long-run effect on both total and per capita income. As a consequence, we conclude that health should be considered an important ingredient of the economic performance of an economy. We examine the robustness of our results using data from Scandinavian and non-Scandinavian countries.

Keywords: Life expectancy; Growth; Panel cointegration; Panel Granger causality (search for similar items in EconPapers)
JEL-codes: I1 O4 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (4)

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Working Paper: The impact of health on GDP: A panel data investigation (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:joecas:v:21:y:2020:i:c:s1703494919300787

DOI: 10.1016/j.jeca.2019.e00139

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