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Is Health Wealth? Results of a Panel Data Analysis.
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- Author(s): Husain, Zakir1 ; Dutta, Mousumi2 ; Chowdhary, Nidhi3
- Source:
Social Indicators Research. May2014, Vol. 117 Issue 1, p121-143. 23p. 1 Color Photograph, 1 Black and White Photograph, 6 Charts.- Subject Terms:
- Source:
- Additional Information
- Abstract: The objective of this paper is to determine whether health (measured by life expectancy at birth) contributes to economic growth and the functional form in which it influences per capita income. This links our study to the debate between neo-classical and endogenous growth theorists on whether investment in human capital can sustain growth indefinitely. Data on 216 countries for the period 1980-2009 has been obtained from World Development Indicators dataset. This enables us to focus on a period characterized by globalization and demographic transition manifested in the form of population graying. Our findings confirm the importance of investment in human capital. But, in contrast to conclusions of endogenous growth models, we find evidence that benefit from increasing longevity tapers off. We conclude by pointing out that it is necessary to extend this study further by incorporating other dimensions of health that are not captured by life expectancy. [ABSTRACT FROM AUTHOR]
- Abstract: Copyright of Social Indicators Research is the property of Springer Nature and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Abstract:
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