Health as Factor of Economic Growth: the Estonian Case
AbstractThe aim of the paper is to analyze the relationship between health and economic growth in Estonia. Health determines the quality of the human capital, which modern economic theories consider the principal factor of economic growth. On the basis of survey data we estimate the effect of self-assessed health on labor supply and wages applying econometric methods. We find that poor health is significantly related to lower wages and employment probability. We also calculate average days and hours lost from work due to ill health or injury in 2001. The plausible direct loss in GDP due to health problems is about 1-2 per cent. We conclude that although health has had overall a marginal effect on economic growth during the transition period, it is still important and its impact may increase in the future, when the population’s health capital deteriorates further as a result of the population getting older and young generations having damaging health behavior.
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 Tallinn School of Economics and Business Administration, Tallinn University of Technology in its series Working Papers with number 110.
Date of creation: 2004
Date of revision:
Publication status: Published in Working Papers in Economics.School of Economics and Business Administration,Tallinn University of Technology (TUTWPE), Pages 103-116
Note: This research was conducted with support from the Estonian Science Foundation (Research Grants 5369 and 5083).
Contact details of provider:
Postal: Kopli tn. 101, 11712 Tallinn
Phone: +(372)620 3535
Fax: +(372)620 3946
Web page: http://majandus.ttu.ee
More information through EDIRC
health; economic growth;
Find related papers by JEL classification:
- I10 - Health, Education, and Welfare - - Health - - - General
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
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.:
- Bhargava, Alok & Jamison, Dean T. & Lau, Lawrence J. & Murray, Christopher J. L., 2001. "Modeling the effects of health on economic growth," Journal of Health Economics, Elsevier, vol. 20(3), pages 423-440, May.
- Kevin Thurm, 1999. "Public health and the public agenda," Economic Policy Review, Federal Reserve Bank of New York, issue Sep, pages 43-47.
- David E. Bloom & David Canning & Jaypee Sevilla, 2001. "The Effect of Health on Economic Growth: Theory and Evidence," NBER Working Papers 8587, National Bureau of Economic Research, Inc.
- Nauro F. Campos & Abrizio Coricelli, 2002.
"Growth in Transition: What We Know, What We Don't, and What We Should,"
Journal of Economic Literature,
American Economic Association, vol. 40(3), pages 793-836, September.
- Nauro F. Campos & Fabrizio Coricelli, 2002. "Growth in Transition: What We Know, What We Don't, and What We Should," William Davidson Institute Working Papers Series 470, William Davidson Institute at the University of Michigan.
- Campos, Nauro F & Coricelli, Fabrizio, 2002. "Growth in Transition: What we Know, What we Don't and What we Should," CEPR Discussion Papers 3246, C.E.P.R. Discussion Papers.
- Arline T. Geronimus, 1999. "Economic inequality and social differentials in mortality," Economic Policy Review, Federal Reserve Bank of New York, issue Sep, pages 23-36.
- Barbara L. Wolfe, 1999. "Poverty, children's health, and health care utilization," Economic Policy Review, Federal Reserve Bank of New York, issue Sep, pages 9-21.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Urve Venesaar).
If references are entirely missing, you can add them using this form.