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On the Constrained Contribution of Advances in Medical Knowledge to the Economic Growth of Developing Countries

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Author Info
Alan Martina ()
Abstract

The conjectures examined are that: (i) advances in the medical knowledge are likely to have comparatively little (resp. considerable) impact on the rate of the growth of gross domestic product per capita (GDPPC) in a poor developing country if economic institutions are weak (resp. adequate); (ii) apparently strong economic institutions will have comparatively little (resp. considerable) impact on this rate of economic growth in this country if previously the level of health had not been (had been) raised to a minimum threshold level. The (limited) evidence presented indicates that the contribution that advances in medical knowledge are likely to make, in raising the rate of growth of GDPPC in developing counties, appears to be constrained at least by the level of economic institutions present in the country concerned.

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Paper provided by Australian National University, College of Business and Economics, School of Economics in its series ANUCBE School of Economics Working Papers with number 2009-504.

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Length: 49 Pages
Date of creation: Jul 2009
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Handle: RePEc:acb:cbeeco:2009-504

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Find related papers by JEL classification:
I10 - Health, Education, and Welfare - - Health - - - General
I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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