ANALYSIS OF HEALTH DETERMINANTS ON ECONOMIC GROWTH

Mihaela Simona Galea ()
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Mihaela Simona Galea: West University of Timi?oara, Romania

European Journal of Accounting, Finance & Business, 2014, vol. 2, issue 2, 12-24

Abstract: This paper aims to analyze health and its role in economic growth. Starting from these things we wonder if health can explain the difference in levels between countries and the growth rate of revenues? This question is of primary importance especially in the current debate regarding the cost and benefits of new health programs. Health is the result of complex interactions between our genetic, the environment in which we live in, the society to which belong and our lifestyle. Thus, health systems are not at the origin of our health, but they play a fundamental role: they help people maintain and improve their own health. Primarily, people with higher life expectancy are likely to save more and these savings turn into accumulated capital and therefore into GDP growth (Zhang and Lee 2008). Secondly, people with higher life expectancy are likely to invest more in education which in turn should facilitate economic growth.

Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:scm:ejafbu:v:2:y:2014:i:2:p:12-24

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