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The Impact of Health Indicators on Economic Development and Social Wealth

In: Rethinking Social Action. Core Values in Practice

Author

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  • Celia Dana BESCIU

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Armenia ANDRONICEANU

    (Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

Considering the researches of the scientific literature, that highlighted the strong connection between health, economics and the standards of living , the purpose of this paper is to identify to what extent the main indicators of health status have impact on long term economic growth. We used a sample of worldwide states, representing the data on which the analysis was conducted. Our research present the correlation between health work force density selected as independent variable and the dependent variables as: the number of infant deaths, life expectancy at birth, the increase of total revenues in GDP. The method used was linear estimation, both with simple regression and panel data model. The indicators were selected and processed from World Bank and World Health Organization data base. Our results confirm the research assumptions, regarding how the health work force density determine the decrease of infant mortality, an increase of life expectancy and the increase of total revenues in GDP. Health work force density plays the major role for the health system performance. We should reconsider the management of health system for a better coverage of people health needs, because the performance of human capital it is reflected subsequently in the economic competitiveness and social wealth.

Suggested Citation

  • Celia Dana BESCIU & Armenia ANDRONICEANU, 2017. "The Impact of Health Indicators on Economic Development and Social Wealth," Book chapters-LUMEN Proceedings, in: Camelia Ignatescu & Antonio SANDU & Tomita CIULEI (ed.), Rethinking Social Action. Core Values in Practice, edition 1, volume 1, chapter 9, pages 92-102, Editura Lumen.
    • Handle: RePEc:lum:prchap:01-09
    DOI: https://doi.org/10.18662/lumproc.rsacvp2017.9
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    References listed on IDEAS

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    1. Angus Deaton, 2003. "Health, Inequality, and Economic Development," Journal of Economic Literature, American Economic Association, vol. 41(1), pages 113-158, March.
    2. Armenia ANDRONICEANU, 2015. "Good Democratic Governance Based on a New Model," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2015(24), pages 56-63, June.
    3. Daron Acemoglu & Simon Johnson, 2007. "Disease and Development: The Effect of Life Expectancy on Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 115(6), pages 925-985, December.
    4. Grossman, Michael, 1972. "On the Concept of Health Capital and the Demand for Health," Journal of Political Economy, University of Chicago Press, vol. 80(2), pages 223-255, March-Apr.
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    6. Chakraborty, Shankha, 2004. "Endogenous lifetime and economic growth," Journal of Economic Theory, Elsevier, vol. 116(1), pages 119-137, May.
    7. Armenia ANDRONICEANU & Gurgen OHANYAN, 2016. "Comparative Approach on Education and Healthcare in Romania and Bulgaria as Beneficiaries of the IMF Financial Assistance," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2016(26), pages 25-48, June.
    8. Garima Malik, 2006. "An Examination of the relationship between Health and Economic Growth," Indian Council for Research on International Economic Relations, New Delhi Working Papers 185, Indian Council for Research on International Economic Relations, New Delhi, India.
    9. Bloom, David E. & Canning, David & Sevilla, Jaypee, 2004. "The Effect of Health on Economic Growth: A Production Function Approach," World Development, Elsevier, vol. 32(1), pages 1-13, January.
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    More about this item

    Keywords

    Health indicators; economic growth; health workers; management;
    All these keywords.

    JEL classification:

    • A3 - General Economics and Teaching - - Multisubject Collective Works
    • I2 - Health, Education, and Welfare - - Education
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • M0 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General

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