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Income Variation and Health Expenditure: Evidence for OECD Countries

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  • Rivera, Berta
  • Currais, Luis

Abstract

The purpose of this paper is to analyze the role health investment plays in human capital accumulation, and in so doing to demonstrate that education is not the only factor affecting the performance of the labor force and productivity. Estimates are made for the OECD countries for the period 1960-90. Investment in health contributes in a significant way to explaining variations in output through human capital, even in those countries which presumably have high levels of health. Copyright 1999 by Blackwell Publishing Ltd

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Review of Development Economics.

Volume (Year): 3 (1999)
Issue (Month): 3 (October)
Pages: 258-67

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Handle: RePEc:bla:rdevec:v:3:y:1999:i:3:p:258-67

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=1363-6669

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Cited by:
  1. Husain, Muhammad Jami, 2009. "Contribution of health to economic development: a survey and overview," Economics Discussion Papers 2009-40, Kiel Institute for the World Economy.
  2. Hartwig, Jochen, 2012. "Testing the growth effects of structural change," Structural Change and Economic Dynamics, Elsevier, vol. 23(1), pages 11-24.
  3. Haitham Issa, 2005. "Human Capital Demographic Transition And Economic Growth," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 30(2), pages 49-65, December.
  4. Merwan Engineer & Ian King, 2010. "Maximizing Human Development," Department of Economics - Working Papers Series 1111, The University of Melbourne.
  5. Rivera, Berta & Currais, Luis, 2004. "Public Health Capital and Productivity in the Spanish Regions: A Dynamic Panel Data Model," World Development, Elsevier, vol. 32(5), pages 871-885, May.
  6. Arshia Amiri & Ulf-G Gerdtham & Bruno Ventelou, 2012. "A new approach for estimation of long-run relationships in economic analysis using Engle-Granger and artificial intelligence methods," Working Papers halshs-00606048, HAL.
  7. COPPOLA, Gianluigi, 2010. "Health, Lifestyle and Growth," CELPE Discussion Papers 115, CELPE - Centre of Labour Economics and Economic Policy, University of Salerno, Italy.
  8. Jochen Hartwig, 2008. "Has health capital formation cured ‘Baumol’s Disease’? – Panel Granger causality evidence for OECD countries," KOF Working papers 08-206, KOF Swiss Economic Institute, ETH Zurich.
  9. Husain, Muhammad Jami, 2010. "Contribution of health to economic development: A survey and overview," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy, vol. 4(14), pages 1-52.
  10. Suhrcke, Marc & Pelgrin, Florian & Oliveira Martins, Joaquim & Dormont, Brigitte, 2007. "Health expenditures, longevity and growth," Economics Papers from University Paris Dauphine 123456789/3882, Paris Dauphine University.
  11. H Issa, 2003. "Human capital, Demographic Transition and Economic Growth," Centre for Growth and Business Cycle Research Discussion Paper Series 28, Economics, The Univeristy of Manchester.
  12. Hartwig, Jochen, 2010. "Is health capital formation good for long-term economic growth? - Panel Granger-causality evidence for OECD countries," Journal of Macroeconomics, Elsevier, vol. 32(1), pages 314-325, March.

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