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Are cardiovascular diseases bad for economic growth?

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  • Marc Suhrcke
  • Dieter Urban

Abstract

We assess the impact of cardiovascular disease (CVD) mortality on economic growth, using a dynamic panel growth regression framework taking into account potential endogeneity problems. We start from a worldwide sample of countries for which data was available and detect a non-linearity in the influence of working age CVD mortality rates on growth across the per capita income scale. We then split the sample (according to the resulting income threshold) into low- and middle-income countries on one hand, and high-income countries on the other hand. In the latter sample we find a robust negative contribution of increasing CVD mortality rates on subsequent five-year growth rates. Not too surprisingly, we find no significant impact in the low- and middle-income country sample.

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File URL: http://hdl.handle.net/10.1002/hec.1565
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Bibliographic Info

Article provided by John Wiley & Sons, Ltd. in its journal Health Economics.

Volume (Year): 19 (2010)
Issue (Month): 12 (December)
Pages: 1478-1496

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Handle: RePEc:wly:hlthec:v:19:y:2010:i:12:p:1478-1496

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Web page: http://www3.interscience.wiley.com/cgi-bin/jhome/5749

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Keywords: cardiovascular disease ; growth empirics ; dynamic panel data estimator ;

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Citations

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Cited by:
  1. Kuhn, Michael & Prettner, Klaus, 2012. "Growth and welfare effects of health care in knowledge based economies," ECON WPS - Vienna University of Technology Working Papers in Economic Theory and Policy 03/2012, Vienna University of Technology, Institute for Mathematical Methods in Economics, Research Group Economics (ECON).
  2. Suhrcke, Marc & Urban, Dieter M. & Moesgaard Iburg, Kim & Schwappach, David & Boluarte, Till & McKee, Martin, 2007. "The economic benefits of health and prevention in a high-income country: the example of Germany," Discussion Papers, Research Group Public Health SP I 2007-302, Social Science Research Center Berlin (WZB).
  3. Robyn Swift, 2010. "Cancer and economic growth in an aging population: estimating the impact for Australia," Discussion Papers in Economics economics:201001, Griffith University, Department of Accounting, Finance and Economics.
  4. Knai, Cecile & Suhrcke, Marc & Lobstein, Tim, 2007. "Obesity in Eastern Europe: An overview of its health and economic implications," Economics & Human Biology, Elsevier, vol. 5(3), pages 392-408, December.

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