Impacts of health on economic growth: evidence from structural equation modelling

C. M. Jayadevan ()
Additional contact information
C. M. Jayadevan: Swinburne University of Technology

Asia-Pacific Journal of Regional Science, 2021, vol. 5, issue 2, No 8, 513-522

Abstract: Abstract Human capital plays an important role in the process of economic growth. Two key components of human capital are education and health. The primary aim of this research was to test the hypothesis that health human capital impacts the economic growth. This study analysed the impact of health human capital on the economic growth of 181 countries over a 17-year period, 2001–2017, using structural equation modelling methodology and panel data. The study has observed that the declining trends in poverty ratio, infant mortality rate and fertility rate induced economic growth. On the other hand, increasing trends in life expectancy, health expenditure and technological progress positively affected economic growth. Overall, our results using structural equation modelling methodology involving 181 countries from 2001 to 2017 indicate that health human capital can have significant positive impacts on economic growth if adequate measures are taken for increasing health expenditure, life expectancy and technological progress while reducing poverty ratio, infant mortality rate and fertility rate especially for developing countries.

Keywords: Growth; Health; Human; Capital; Structural; Equation; Modelling (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://link.springer.com/10.1007/s41685-020-00182-4 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:apjors:v:5:y:2021:i:2:d:10.1007_s41685-020-00182-4

Ordering information: This journal article can be ordered from
https://www.springer ... cience/journal/41685

DOI: 10.1007/s41685-020-00182-4

Access Statistics for this article

Asia-Pacific Journal of Regional Science is currently edited by Yoshiro Higano

More articles in Asia-Pacific Journal of Regional Science from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().