The Long-Term Impact of Health on GDP in 19 OECD Countries
AbstractHealth is assumed to influence the economy through many channels. It reduces infant mortality and increase life expectancy and adult survival rates. Health level and life expectancy affects long-term savings decisions of individuals. This study examines the relationship between health indicators and economic growth in 19 OECD countries during the period 1970-2009 within a panel data analysis. The authors employ three different measures of health. Results show that an increase in health expenditures and a decrease in infant mortality positively affect GDP in compatible with the theoretical assumptions. However, life expectancy is detected to affect GDP negatively in contrast with the theoretical expectations. In conclusion, health expenditures and services concluded to influence GDP by improving human capital. Furthermore, the authors make suggestions about how economies can remove the burden of aging population.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by IGI Global in its journal International Journal of Social Ecology and Sustainable Development (IJSESD).
Volume (Year): 3 (2012)
Issue (Month): 1 (January)
Contact details of provider:
Web page: http://www.igi-global.com
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Journal Editor).
If references are entirely missing, you can add them using this form.