Health as a Principal Determinant of Economic Growth
AbstractFor a long time economists have tended to ignore health as a relevant factor of production and important determinant of economic growth. The widely observed positive relationship between health expenditures and economic growth was considered the result of a strong positive income effect. However, gradually more and more economists have come to recognise that the relationship between health and economic growth is not only demand driven, but that health is also an important determinant of economic growth. The latter has mainly been recognised on the basis of empirical cross-country studies, starting for developing economies (see Strauss and Thomas, 1998, for an overview) and later also covering Western economies (Knowles and Owen, 1995; Barghava cs., 2001; McDonald and Roberts, 2002; Webber, 2002). However, until this day only few attempts have been made to present a coherent account of the causal links between health and economic growth....
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.
Bibliographic InfoPaper provided by Maastricht : MERIT, Maastricht Economic Research Institute on Innovation and Technology in its series Research Memoranda with number 024.
Date of creation: 2003
Date of revision:
Contact details of provider:
Web page: http://www.maastrichtuniversity.nl/web/UMPublications.htm
Other versions of this item:
- 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.
- NEP-ALL-2003-12-14 (All new papers)
- NEP-DEV-2003-12-14 (Development)
- NEP-HEA-2003-12-14 (Health Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- John Strauss & Duncan Thomas, 1998.
"Health, Nutrition, and Economic Development,"
Journal of Economic Literature,
American Economic Association, vol. 36(2), pages 766-817, June.
- Muysken,Joan & Yetkiner,I. Hakan & Ziesemer,Thomas, 1999.
"Health, Labour Productivity and Growth,"
028, Maastricht : MERIT, Maastricht Economic Research Institute on Innovation and Technology.
- Muysken, Joan & Yetkiner, I. Hakan & Ziesemer, Thomas, 1999. "Health, labour productivity and growth," CCSO Working Papers 200015, University of Groningen, CCSO Centre for Economic Research.
- Muysken, Joan & Yetkiner, I,Hakan & Ziesemer, Thomas, 2003. "Health, labour productivity and growth," Open Access publications from Maastricht University urn:nbn:nl:ui:27-17172, Maastricht University.
- 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 223-55, March-Apr.
- Johansson, Per-Olov & Lofgren, Karl-Gustaf, 1995. "Wealth from optimal health," Journal of Health Economics, Elsevier, vol. 14(1), pages 65-79, May.
- David E. Bloom & David Canning, 2004. "The Health and Wealth of Africa," World Economics, World Economics, Economic & Financial Publishing, PO Box 69, Henley-on-Thames, Oxfordshire, United Kingdom, RG9 1GB, vol. 5(2), pages 57-81, April.
- Knowles, Stephen & Owen, P. Dorian, 1995. "Health capital and cross-country variation in income per capita in the Mankiw-Romer-Weil model," Economics Letters, Elsevier, vol. 48(1), pages 99-106, April.
- Baumol, William J, 1972. "Macroeconomics of Unbalanced Growth: Reply," American Economic Review, American Economic Association, vol. 62(1), pages 150, March.
- Meltzer, David, 1997. "Accounting for future costs in medical cost-effectiveness analysis," Journal of Health Economics, Elsevier, vol. 16(1), pages 33-64, February.
- Becker, Gary S & Mulligan, Casey B, 1997. "The Endogenous Determination of Time Preference," The Quarterly Journal of Economics, MIT Press, vol. 112(3), pages 729-58, August.
- Sherry Glied, 2003. "Health Care Costs: On the Rise Again," Journal of Economic Perspectives, American Economic Association, vol. 17(2), pages 125-148, Spring.
- Zon, Adriaan van & Muysken, Joan, 2001.
"Health and endogenous growth,"
Open Access publications from Maastricht University
urn:nbn:nl:ui:27-14918, Maastricht University.
- Don Webber, 2002. "Policies to stimulate growth: should we invest in health or education?," Applied Economics, Taylor and Francis Journals, vol. 34(13), pages 1633-1643.
- McDonald, Scott & Roberts, Jennifer, 2002. "Growth and multiple forms of human capital in an augmented Solow model: a panel data investigation," Economics Letters, Elsevier, vol. 74(2), pages 271-276, January.
- David Meltzer, 1997. "Accounting for Future Costs in Medical Cost-Effectiveness Analysis," NBER Working Papers 5946, National Bureau of Economic Research, Inc.
- Warshawsky, Mark J., 1999. "An Enhanced Macroeconomic Approach to Long-Range Projections of Health Care and Social Security Expenditures as a Share of GDP," Journal of Policy Modeling, Elsevier, vol. 21(4), pages 413-426, July.
- Ehrlich, Isaac & Chuma, Hiroyuki, 1990. "A Model of the Demand for Longevity and the Value of Life Extension," Journal of Political Economy, University of Chicago Press, vol. 98(4), pages 761-82, August.
- Muurinen, Jaana-Marja, 1982. "Demand for health: A generalised Grossman model," Journal of Health Economics, Elsevier, vol. 1(1), pages 5-28, May.
- Forster, Bruce A, 1989. "Optimal Health Investment Strategies," Bulletin of Economic Research, Wiley Blackwell, vol. 41(1), pages 45-57, January.
- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
- 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.
- Liutang Gong & Hongyi Li & Dihai Wang & Heng-fu Zou, 2011.
"Health, Taxes, and Growth,"
CEMA Working Papers
482, China Economics and Management Academy, Central University of Finance and Economics.
- 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.
- David Epstein & Dolores Jiménez-Rubio & Peter C. Smith & Marc Suhrcke, 2009. "Social determinants of health: an economic perspective," Health Economics, John Wiley & Sons, Ltd., vol. 18(5), pages 495-502.
- Dihai Wang & Heng-fu Zou, 2011. "The Fogel Approach to Health and Growth," CEMA Working Papers 520, China Economics and Management Academy, Central University of Finance and Economics.
- Hartwig, Jochen, 2012.
"Testing the growth effects of structural change,"
Structural Change and Economic Dynamics,
Elsevier, vol. 23(1), pages 11-24.
- Dobrescu, Emilian, 2011.
"Sectoral Structure and Economic Growth,"
Journal for Economic Forecasting,
Institute for Economic Forecasting, vol. 0(3), pages 5-36, September.
- Arora Suchit, 2012. "Understanding Aging during the Epidemiologic Transition," Working Papers 12-07, Association Française de Cliométrie (AFC).
- Pierre Richard Agénor & Kyriakos C. Neanidis, 2006.
"The Allocation of Public Expenditure and Economic Growth,"
The School of Economics Discussion Paper Series
0608, Economics, The University of Manchester.
- Pierre‐Richard Agénor & Kyriakos C. Neanidis, 2011. "The Allocation Of Public Expenditure And Economic Growth," Manchester School, University of Manchester, vol. 79(4), pages 899-931, 07.
- Suri, Tavneet & Boozer, Michael A. & Ranis, Gustav & Stewart, Frances, 2011. "Paths to Success: The Relationship Between Human Development and Economic Growth," World Development, Elsevier, vol. 39(4), pages 506-522, April.
- P R Agénor & K C Neanidis, 2006. "Corruption Clubs: The Allocation of Public Expenditure and Economic Growth," Centre for Growth and Business Cycle Research Discussion Paper Series 69, Economics, The Univeristy of Manchester.
- 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.
- Joan Muysken in Wikipedia (English)
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Charles Bollen).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.