The impact of health on economic growth: A narrative literature review
Elena Fumagalli,
M Pinna Pintor and
Marc Suhrcke
Health Policy, 2024, vol. 143, issue C
Abstract:
The nexus between health and economic growth is a dynamic and complex relationship. This article reviews the empirical evidence that has sought to assess the causal impact of health on growth, understood as growth in GDP per capita, and focusing on cross-country and selected single country studies. The review largely provides evidence in favour of a positive effect of population health on economic growth. However, the multitude of the factors at play and the possible bidirectional relationship between health and growth pose a challenge for the quantification of the effect and for the relative importance of the underlying mechanisms.
Keywords: Health and economic growth; Causality; Econometrics; Macroeconomy (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:hepoli:v:143:y:2024:i:c:s0168851024000496
DOI: 10.1016/j.healthpol.2024.105039
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