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Why health matters for economic performance

Author

Listed:
  • Joann Wilkie

    (Treasury, Government of Australia)

  • Adam Young

    (Treasury, Government of Australia)

Abstract

Health is a key component of individual and social wellbeing. Furthermore, the health of a population is a key driver of labour and capital investment and consequent economic growth. Good health can lead to higher gross domestic product (GDP) per capita in the long run due to its impact on population; participation; and productivity. Health outcomes are primarily determined by bio-medical, lifestyle and socio-economic factors, but there is evidence that the level of health care resources also affects health outcomes. The efficiency with which health care resources are used will determine the extent to which health outcomes are enhanced. This article analyses health and its contribution to economic growth and provides a broad framework for the consideration of health care policies.

Suggested Citation

  • Joann Wilkie & Adam Young, 2009. "Why health matters for economic performance," Economic Roundup, The Treasury, Australian Government, issue 1, pages 57-72, March.
    • Handle: RePEc:tsy:journl:journl_tsy_er_2009_1_5
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    File URL: http://www.treasury.gov.au/PublicationsAndMedia/Publications/2009/Economic-Roundup-Issue-1
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    Citations

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    Cited by:

    1. Ana Poças & Elias Soukiazis, 2010. "Health Status Determinants in the OECD Countries. A Panel Data Approach with Endogenous Regressors," GEMF Working Papers 2010-04, GEMF, Faculty of Economics, University of Coimbra.

    More about this item

    Keywords

    economic growth; health;

    JEL classification:

    • I00 - Health, Education, and Welfare - - General - - - General
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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