Policies to stimulate growth: should we invest in health or education?
AbstractEmpirical studies in the literature on economic growth have focused on the affect of education and yet Knowles and Owen (1995, 1997) found health, proxied by life expectancy, to be highly statistically significant with education having a modest role. This study extends their model and employs variables that are more conducive to policy formulation: calorific intake and school enrolment ratios. Results suggest that reducing undernutrition would only make a modest contribution to economic growth while increasing enrolment ratios, especially secondary, has a positive and more significant effect. Policies to increase economic growth should favour investments in education over health.
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.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 34 (2002)
Issue (Month): 13 ()
Contact details of provider:
Web page: http://www.tandfonline.com/RAEC20
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Nijkamp, Peter & Poot, Jacques, 2004. "Meta-analysis of the effect of fiscal policies on long-run growth," European Journal of Political Economy, Elsevier, vol. 20(1), pages 91-124, March.
- Paresh Kumar Narayan, 2007. "Do health expenditures 'catch-up'? Evidence from OECD countries," Health Economics, John Wiley & Sons, Ltd., vol. 16(10), pages 993-1008.
- Beraldo, Sergio & Montolio, Daniel & Turati, Gilberto, 2009. "Healthy, educated and wealthy: A primer on the impact of public and private welfare expenditures on economic growth," The Journal of Socio-Economics, Elsevier, vol. 38(6), pages 946-956, December.
- Zon ,Adriaan,van & Muysken ,Joan, 2003.
"Health as a Principal Determinant of Economic Growth,"
024, Maastricht : MERIT, Maastricht Economic Research Institute on Innovation and Technology.
- Zon, Adriaan van & Muysken, Joan, 2005. "Health as a principal determinant of economic growth," Open Access publications from Maastricht University urn:nbn:nl:ui:27-22458, Maastricht University.
- LI, Hongyi & HUANG, Liang, 2009. "Health, education, and economic growth in China: Empirical findings and implications," China Economic Review, Elsevier, vol. 20(3), pages 374-387, September.
- Agenor, Pierre-Richard, 2003. "The mini-integrated macroeconomic model for poverty analysis : a framework for analyzing the unemployment and poverty effects of fiscal and labor market reforms," Policy Research Working Paper Series 3067, The World Bank.
- Hongyi Li & Huang Liang, 2010. "Health, education, and economic growth in East Asia," Journal of Chinese Economic and Foreign Trade Studies, Emerald Group Publishing, vol. 3(2), pages 110-131, June.
- Agenor, Pierre-Richard & Moreno-Dodson, Blanca, 2006. "Public infrastructure and growth : new channels and policy implications," Policy Research Working Paper Series 4064, The World Bank.
- Peter Nijkamp & Jacques Poot, Victoria, 2002. "Meta-Analysis of the Impact of Fiscal Policies on Long-Run Growth," Tinbergen Institute Discussion Papers 02-028/3, Tinbergen Institute, revised 23 Apr 2003.
- 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.
- Hongbin Li & Pak Wai Liu & Ning Ma & Junsen Zhang, .
"Parental Childcare and Children's Educational Attainment: Evidence from China,"
22559, Rural Education Action Project at Stanford University.
- Hongbin Li & Xianguo Yao & Junsen Zhang & Li-An Zhou, 2005. "Parental childcare and children's educational attainment: evidence from China," Applied Economics, Taylor & Francis Journals, vol. 37(18), pages 2067-2076.
- Eric Neumayer & Matthew A. Cole, 2003.
"The Impact of Poor Health on Total Factor Productivity,"
0312001, EconWPA, revised 02 Nov 2004.
- Matthew Cole & Eric Neumayer, 2006. "The impact of poor health on total factor productivity," The Journal of Development Studies, Taylor and Francis Journals, vol. 42(6), pages 918-938.
- , . "No Longer Available," PGDA Working Papers 2107, Program on the Global Demography of Aging.
- 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.
- Dao, Minh Quang, 2009. "Health, Economic Development, and Poverty in Developing Countries," Economia Internazionale / International Economics, Camera di Commercio di Genova, vol. 62(2), pages 163-174.
- Narayan, Seema & Narayan, Paresh Kumar & Mishra, Sagarika, 2010.
"Investigating the relationship between health and economic growth: Empirical evidence from a panel of 5 Asian countries,"
Journal of Asian Economics,
Elsevier, vol. 21(4), pages 404-411, August.
- Seema Narayan & Paresh Kumar Narayan & Sagarika Mishra, 2010. "Investigating the Relationship between Health and Economic Growth: Empirical Evidence from a Panel of 5 Asian Countries," Economics Series 2010_08, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance.
- Brit S. Schneider & Udo Schneider & Volker Ulrich, 2007. "Health and the Decision to Invest in Education," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), Justus-Liebig University Giessen, Department of Statistics and Economics, vol. 227(5+6), pages 725-745, December.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.