Short run and long run dynamics of impact of health status on economic growth Evidence from Pakistan

Naeem Akram ()

MPRA Paper from University Library of Munich, Germany

Abstract: The paper investigates the impacts of different health indicators on Economic growth in Pakistan. The Cointegration and Error Correction techniques were applied on the time series data of Pakistan for the period of 1972-2006. We find that Per capita GDP is positively influenced by health indicators in the long run and health indicators are having significant impact on per capita GDP. However, in the short run the health indicators fails to put significant impact on per capita GDP. It reveals that health indicators have a long run impact on economic growth. . It suggests that impact of health is only a long run phenomenon and in the short run there is no significant relationship exists between health variables and economic growth. The major policy implication of the study is that if we desire a high levels of per capita income, we can achieve it by increasing and improving the stock of health human capital, especially if current stocks are at lower end. Moreover, study also points out a rather diminutive role of public health expenditure in determining the per capita GDP.

Keywords: Health human capital; Economic growth; Per capita GDP; Cointegration; Error Correction (search for similar items in EconPapers)
JEL-codes: C22 I1 O1 O4 O53 (search for similar items in EconPapers)
Date: 2009-05-20
New Economics Papers: this item is included in nep-cwa, nep-dev and nep-hea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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