Modeling the effects of health on economic growth

Alok Bhargava (), Dean T. Jamison, Lawrence J. Lau and Christopher J. L. Murray
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Dean T. Jamison: Center for Pacific Rim Studies, University of California, Los Angeles, CA, USA
Lawrence J. Lau: Department of Economics, Stanford University, Stanford, CA, USA
Christopher J. L. Murray: Department of International Health, Harvard School of Public Health, Boston, USA and World Health Organization, Geneva, Switzerland

Chapter 20 in Econometrics, Statistics and Computational Approaches in Food and Health Sciences, 2006, pp 269-286 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThis paper investigates the effects of health indicators such as adult survival rates (ASR) on GDP growth rates at 5-year intervals in several countries. Panel data were analyzed on GDP series based on purchasing power adjustments and on exchange rates. First, we developed a framework for modeling the inter-relationships between GDP growth rates and explanatory variables by re-examining the life expectancy–income relationship. Second, models for growth rates were estimated taking into account the interaction between ASR and lagged GDP level; issues of endogeneity and reverse causality were addressed. Lastly, we computed confidence intervals for the effect of ASR on growth rate and applied a test for parameter stability. The results showed positive effects of ASR on GDP growth rates in low-income countries.

Keywords: Econometrics; Nutrition; Health; Child Development; Psychology; Behavioral Nutrition; Demography; Anthropology; Economic Development; Agricultural Economics; Environmental Sciences; Epidemiology; Nonlinear Optimization (search for similar items in EconPapers)
Date: 2006
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Journal Article: Modeling the effects of health on economic growth (2001)
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