Health and economic development: evidence from non-OECD countries

Alberto Bucci (), Lorenzo Carbonari, Monia Ranalli and Giovanni Trovato

Applied Economics, 2021, vol. 53, issue 55, 6348-6375

Abstract: This paper studies the empirical relationship between population’s health and real GDP dynamics in low- and middle-income countries. We employ a semi-parametric technique, which combines mixed panel data models and cluster analysis to account for unobserved heterogeneity, an important source of estimation bias in growth regressions. We estimate a version of the Solow growth model augmented with human capital, in the form of both education and health. Our estimates show that population s health, here proxied by the life expectancy at birth, has a positive, sizable, and statistically significant effect on both the level and the growth rate of the real per capita GDP.

Date: 2021
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DOI: 10.1080/00036846.2021.1939856

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