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New Evidence of the Health Status and Economic Growth Relationship

Pablo Daniel Monterubbianesi (), Martín Grandes () and Carlos Dabús ()
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Pablo Daniel Monterubbianesi: Instituto de Investigaciones Económicas y Sociales del Sur, Departamento de Economía; Universidad Nacional del Sur-CONICET, Argentina
Martín Grandes: Corresponding author Universidad de Buenos Aires y CITRA-CONICET, Argentina
Carlos Dabús: Instituto de Investigaciones Económicas y Sociales del Sur, Departamento de Economía; Universidad Nacional del Sur-CONICET, Argentina

Panoeconomicus, 2017, vol. 64, issue 4, 439-459

Abstract: Over the last two decades, the role of health as a determinant of growth has been gaining ground in economic analysis due to longer average life expectancy at birth or lower infant mortality experienced in developing and fast-growing emerging economies. The empirical approach to this problem, based primarily on econometric analysis, has focused on two alternative approaches; the growth accounting models and the “a la Barro” regressions. This study aims to measure the contribution of health to economic growth using a panel of 91 countries over the period 1960-2005, and to compare the estimated impact of better health status on long-run per capita income under those two approaches, controlling for potential endogeneity. Our main results show the marginal effect of the change in health status in the long-term income lies between 2.6% in the growth accounting models and 8.3% in the “a la Barro” regressions. These results are consistent with the marginal effects we simulate and quantify using the health growth point estimates found in earlier literature.

Keywords: : Health status; Economic growth; Long-run income; Growth account; “a la Barro” regressions (search for similar items in EconPapers)
JEL-codes: I15 O47 (search for similar items in EconPapers)
Date: 2017
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