New Evidence of the Health Status and Economic Growth Relationship

Pablo Daniel Monterubbianesi (), Martín Grandes () and Carlos Dabús ()

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. Key words: Health status, Economic growth, Long-run income, Growth account, “A la Barro” regressions.JEL: I15, O47. U poslednje dve decenije uloga zdravlja kao determinanta rasta postaje osnova u ekonomskoj analizi zbog dužeg prosečnog očekivanog životnog vieka pri rođenju ili niže smrtnosti novorođenčadi u zemljama u razvoju i razvijenim zemljama. Empirijski pristup ovom problemu, zasnovan pre svega na ekonometrijskoj analizi, fokusiran je na dva alternativna pristupa; modeli predviđanja rasta i regresije “a la Barro”. Ova studija ima za cilj da meri doprinos zdravlja ekonomskom rastu koristeći panel od 91 zemlje tokom perioda 1960-2005 i da uporedi procenjeni uticaj boljeg zdravstvenog statusa na dugoročni prihod po glavi stanovnika u okviru ova dva pristupa, kontrolišući potencijalnu endogenost. Naši glavni rezultati pokazuju da je marginalni efekat promene zdravstvenog stanja u dugoročnom prihodu leži između 2,6% u modelima predviđanja rasta i 8,3% u regresiji “a la Barro”. Ovi rezultati su u skladu sa marginalnim efektima koje simulišemo i kvantifikujemo pomoću procena toka zdravstvenog rasta u ranijoj literaturi. Ključne reči: zdravstveni status, ekonomski rast, dugoročni prihod, predviđanje rasta, “a la Barro” regresije.

Keywords: health status; economic growth; long-run income; growth account; “a la Barro” regressions (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://panoeconomicus.org/index.php/jorunal/article/view/427/409 (application/pdf)

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:voj:journl:v:64:y:2017:i:4:p:439-459:id:427

Access Statistics for this article

Panoeconomicus is currently edited by Kosta Josifidis

More articles in Panoeconomicus from Savez ekonomista Vojvodine, Novi Sad, Serbia
Bibliographic data for series maintained by Savez ekonomista Vojvodine, Novi Sad, Serbia ().