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Relationship between Health, Education, and Economic Growth in Southeast Asian Region

Author

Listed:
  • Nutcha Sawatdirakpong

    (Chiang Mai University)

  • Rossarin Osathanunkul

    (Chiang Mai University)

Abstract

The purpose of this research paper is to examine the impact of human capital in terms of health and education on economic growth of nine countries in Southeast Asia. The empirical results are based on the analysis of annual panel data from 1960 to 2009. The methods used in this research are various standard methods of unit roots test. Panel data estimation methods consist of pooled OLS, fixed effects model, and random effects model. The optimal estimation model was determined by Hausman test. The results show that the impact of health and education on economic growth are statistically significant. This study consists of economic theories and using of statistical economics which can be applied for policy making in Southeast Asian region.

Suggested Citation

  • Nutcha Sawatdirakpong & Rossarin Osathanunkul, 2012. "Relationship between Health, Education, and Economic Growth in Southeast Asian Region," The Empirical Econometrics and Quantitative Economics Letters, Faculty of Economics, Chiang Mai University, vol. 1(2), pages 97-110, June.
    • Handle: RePEc:chi:journl:v:1:y:2012:i:2:p:97-110
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    References listed on IDEAS

    as
    1. Choi, In, 2001. "Unit root tests for panel data," Journal of International Money and Finance, Elsevier, vol. 20(2), pages 249-272, April.
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    Cited by:

    1. Phimwalun Srithongkul & Pathairat Pastpipatkul, 2013. "Impacts of economic variables and the corruption perception index on human development," The Empirical Econometrics and Quantitative Economics Letters, Faculty of Economics, Chiang Mai University, vol. 2(1), pages 71-78, March.

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    More about this item

    Keywords

    Economic growth; Health; Education; Southeast Asia; ASEAN;
    All these keywords.

    JEL classification:

    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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