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Health, Education And Economic Growth In Malaysia

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  • Rahmah Ismaila and Doris Padmini Selvaratnamb

    ((a) Associate Professor, Department of Economic Development, Faculty of Economics, National University of Malaysia, 43600 Bangi, Selangor Darul Ehsan, Malaysia. (b) Lecturer, Department of Economic Development, Faculty of Economics, National University of Malaysia, 43600 Bangi, Selangor Darul Ehsan, Malaysia)

Abstract

Human capital is vital for the development of a country. Investment in human capital ranges from basic needs expenditure to education and health provision. Economic growth is often used to measure the progress and development of a country. Today other indicators are used to emphasize physical quality of life, for example, education, health and basic needs provision. Using a simultaneous equation model, this paper estimates the relationship between economic growth and human capital variables including education, health and expenditure to enhance human capital possession. The paper aims to prove that economic growth and human capital variables are inter-related. The findings of this study can be used to generate concrete policy reform suggestions and also as a possible example for other developing countries.

Suggested Citation

  • Rahmah Ismaila and Doris Padmini Selvaratnamb, 1999. "Health, Education And Economic Growth In Malaysia," IIUM Journal of Economics and Management, IIUM Journal of Economis and Management, vol. 7(2), pages 1-16, December.
  • Handle: RePEc:ije:journl:v7:y:1999:i:2:p:1-15
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    File URL: http://www.iium.edu.my/enmjournal/vo7no2.pdf
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    References listed on IDEAS

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    7. Psacharopoulos, George, 1994. "Returns to investment in education: A global update," World Development, Elsevier, vol. 22(9), pages 1325-1343, September.
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    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    IIUM Journal of Economics and Managemen;

    JEL classification:

    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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