The relationship between national income and health: a new measure applied to Bangkok

Matthew Clarke and Sardar M.N. Islam
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Matthew Clarke: School of Social Science and Planning, RMIT University, Melbourne, Victoria, Australia, matthew.clarke@rmit.edu.au
Sardar M.N. Islam: Centre for Strategic Economic Studies, Victoria University, Melbourne City, Victoria 8001, Australia

Progress in Development Studies, 2005, vol. 5, issue 3, 182-198

Abstract: The importance of good health of a population is crucial when determining social welfare. A new health-adjusted national income indicator that explores the relationships between economic growth, health and social welfare in Bangkok, Thailand from 1975 to 1999 is applied. This new approach to social welfare analysis is based on normative social choice theory, cost-benefit and systems analysis and is called (new) 3 welfare economics. This paper argues that traditional measures of welfare, such as national income, fail to reflect accurately the impact of health on social welfare.

Keywords: cost-benefit analysis; health; national income; social choice; welfare (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:sae:prodev:v:5:y:2005:i:3:p:182-198

DOI: 10.1191/1464993405ps110oa

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