IDEAS home Printed from https://ideas.repec.org/a/vrs/vaecst/v14y2023i2p15-22n3.html
   My bibliography  Save this article

Potential Years of Life Lost and Its Implication on Economic Output: Assessment of OECD Members and Candidate Countries for the Period 1993-2018

Author

Listed:
  • Leiva Perez William H.

    (Academy of Economic Studies, Bucharest, Romania)

Abstract

Over the last 30 years, significant geopolitical, social, and economic changes have impacted the OECD members and candidates, which has led to a significant improvement in the quality of life and life expectancy, with the reduction of the potential years of life lost one of the indicators of reduced mortality observed across the group. On the geopolitical side, the admission of the Baltic countries and their standardization of the metrics to track demographics more aligned with the internationally accepted practices, on the social side; the increase in life expectancy poses challenges to the care of the elders but also the extension on the age within the labor force and lastly, on the economic changes; the ongoing increase of income and GDP has led to an expanded access of care including goods and services. This paper explores the use of mortality information and potential years of life lost as a beacon to point toward the economic burden of poor health and its related mortality.

Suggested Citation

  • Leiva Perez William H., 2023. "Potential Years of Life Lost and Its Implication on Economic Output: Assessment of OECD Members and Candidate Countries for the Period 1993-2018," Valahian Journal of Economic Studies, Sciendo, vol. 14(2), pages 15-22, December.
    • Handle: RePEc:vrs:vaecst:v:14:y:2023:i:2:p:15-22:n:3
    DOI: 10.2478/vjes-2023-0012
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/vjes-2023-0012
    Download Restriction: no
    File URL: https://libkey.io/10.2478/vjes-2023-0012?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Dean Baker & J. Bradford Delong & Paul R. Krugman, 2005. "Asset Returns and Economic Growth," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 36(1), pages 289-330.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Andrew Sharpe, 2006. "Future Productivity Growth in Canada and Implications for the Canada Pension Plan," CSLS Research Reports 2006-01, Centre for the Study of Living Standards.
    2. Ibrahim Alshomaly & Walid Shawaqfeh, 2020. "The Effect of Export Diversification on the Economic Growth of West-Asian Arab Countries," Journal of Social Sciences (COES&RJ-JSS), , vol. 9(2), pages 429-450, April.
    3. Alan Guoming Huang & Eric Hughson & J. Chris Leach, 2016. "Generational Asset Pricing, Equity Puzzles, and Cyclicality," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 22, pages 52-71, October.
    4. E. Wesley F. Peterson, 2017. "The Role of Population in Economic Growth," SAGE Open, , vol. 7(4), pages 21582440177, October.
    5. Dilip B. Madan & King Wang, 2024. "On the real rate of interest in a closed economy," Annals of Finance, Springer, vol. 20(4), pages 459-477, December.
    6. Gunther Tichy, 2010. "War die Finanzkrise vorhersehbar?," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 11(4), pages 356-382, November.
    7. Margarita Katsimi & Vassilis Sarantides, 2012. "The Impact Of Fiscal Policy On Profits," Economic Inquiry, Western Economic Association International, vol. 50(4), pages 1050-1068, October.
    8. Lukasz Rachel & Thomas D. Smith, 2017. "Are Low Real Interest Rates Here to Stay?," International Journal of Central Banking, International Journal of Central Banking, vol. 13(3), pages 1-42, September.
    9. Olorunfemi Yasiru Alimi & Akinola Christopher Fagbohun & Mohammed Abubakar, 2021. "Is population an asset or a liability to Nigeria’s economic growth? Evidence from FM-OLS and ARDL approach to cointegration," Future Business Journal, Springer, vol. 7(1), pages 1-12, December.
    10. Ibrahim Alshomaly & Walid Shawaqfeh, 2020. "The Effect of Export Diversification on the Economic Growth of West-Asian Arab Countries," Journal of Social Sciences (COES&RJ-JSS), , vol. 9(2), pages 429-450, April.
    11. Probst, Julius, 2019. "Global real interest rate dynamics from the late 19th century to today," International Review of Economics & Finance, Elsevier, vol. 59(C), pages 522-547.
    12. Kurt G. Lunsford & Kenneth D. West, 2019. "Some Evidence on Secular Drivers of US Safe Real Rates," American Economic Journal: Macroeconomics, American Economic Association, vol. 11(4), pages 113-139, October.
    13. Lars Hultkrantz, 2021. "Discounting in economic evaluation of healthcare interventions: what about the risk term?," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 22(3), pages 357-363, April.
    14. Rhys R. Mendes, 2014. "The Neutral Rate of Interest in Canada," Discussion Papers 14-5, Bank of Canada.
    15. Gideon Minua Kwaku Ampofo & Prosper Basommi Laari & Emmanuel Opoku Ware & Williams Shaw, 2023. "Further investigation of the total natural resource rents and economic growth nexus in resource-abundant sub-Saharan African countries," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 36(1), pages 97-121, January.
    16. Dean Baker, 2011. "The Origins and Severity of the Public Pension Crisis," CEPR Reports and Issue Briefs 2011-04, Center for Economic and Policy Research (CEPR).
    17. Stolyarov, Dmitriy & Tesar, Linda L., 2021. "Interest rate trends in a global context," Economic Modelling, Elsevier, vol. 101(C).
    18. Bezemer, Dirk J, 2009. "“No One Saw This Coming”: Understanding Financial Crisis Through Accounting Models," MPRA Paper 15892, University Library of Munich, Germany.
    19. Fuhmei Wang, 2018. "The roles of preventive and curative health care in economic development," PLOS ONE, Public Library of Science, vol. 13(11), pages 1-12, November.
    20. Rafia Shafi & Samreen Fatima, 2019. "Relationship between GDP, Life Expectancy and Growth Rate of G7 Countries," International Journal of Sciences, Office ijSciences, vol. 8(06), pages 74-79, June.

    More about this item

    Keywords

    potential years of life lost; burden of mortality; OECD; economic epidemiology;
    All these keywords.

    JEL classification:

    • I0 - Health, Education, and Welfare - - General
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:vaecst:v:14:y:2023:i:2:p:15-22:n:3. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.