HEALTH, EDUCATION AND ECONOMIC GROWTH IN MALAYSIA

Rahmah Ismaila and Doris Padmini Selvaratnamb
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Rahmah Ismaila and Doris Padmini Selvaratnamb: (a) Associate Professor, Department of Economic Development, Faculty of Economics, National University of Malaysia, 43600 Bangi, Selangor Darul Ehsan, Malaysia. (b) Lecturer, Department of Economic Development, Faculty of Economics, National University of Malaysia, 43600 Bangi, Selangor Darul Ehsan, Malaysia

IIUM Journal of Economics and Management, 1999, vol. 7, issue 2, 1-16

Abstract: Human capital is vital for the development of a country. Investment in human capital ranges from basic needs expenditure to education and health provision. Economic growth is often used to measure the progress and development of a country. Today other indicators are used to emphasize physical quality of life, for example, education, health and basic needs provision. Using a simultaneous equation model, this paper estimates the relationship between economic growth and human capital variables including education, health and expenditure to enhance human capital possession. The paper aims to prove that economic growth and human capital variables are inter-related. The findings of this study can be used to generate concrete policy reform suggestions and also as a possible example for other developing countries.

Keywords: IIUM; Journal; of; Economics; and; Managemen (search for similar items in EconPapers)
JEL-codes: H51 H52 H54 J24 O15 (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:ije:journl:v7:y:1999:i:2:p:1-15

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