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Are Cardiovascular Diseases Bad for Economic Growth?

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  • Marc Suhrcke
  • Dieter M. Urban

Abstract

We assess the impact of cardiovascular disease (CVD) mortality on economic growth, using a dynamic panel growth regression framework taking into account potential endogeneity problems. We start from a worldwide sample of countries for which data was available and detect a non-linearity in the influence of working age CVD mortality rates on growth across the per capita income scale. We then split the sample (according to the resulting income threshold) into low- and middle-income countries on one hand, and high-income countries on the other hand. In the latter sample we find a robust negative contribution of increasing CVD mortality rates on subsequent five-year growth rates. Not too surprisingly, we find no significant impact in the low- and middle-income country sample.

Suggested Citation

  • Marc Suhrcke & Dieter M. Urban, 2006. "Are Cardiovascular Diseases Bad for Economic Growth?," CESifo Working Paper Series 1845, CESifo Group Munich.
  • Handle: RePEc:ces:ceswps:_1845
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    Cited by:

    1. Knai, Cecile & Suhrcke, Marc & Lobstein, Tim, 2007. "Obesity in Eastern Europe: An overview of its health and economic implications," Economics & Human Biology, Elsevier, vol. 5(3), pages 392-408, December.
    2. Kuhn, Michael & Prettner, Klaus, 2016. "Growth and welfare effects of health care in knowledge-based economies," Journal of Health Economics, Elsevier, vol. 46(C), pages 100-119.
    3. World Bank, 2017. "Pacific Possible," World Bank Other Operational Studies 28135, The World Bank.
    4. Bloom, David E. & Chen, Simiao & Kuhn, Michael & McGovern, Mark & Oxley, Les T. & Prettner, Klaus, 2017. "The economic burden of chronic diseases: Estimates and projections for China, Japan, and South Korea," Hohenheim Discussion Papers in Business, Economics and Social Sciences 09-2017, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
    5. Robyn Swift, 2010. "Cancer and economic growth in an aging population: estimating the impact for Australia," Discussion Papers in Economics economics:201001, Griffith University, Department of Accounting, Finance and Economics.
    6. Suhrcke, Marc & Urban, Dieter M. & Moesgaard Iburg, Kim & Schwappach, David & Boluarte, Till & McKee, Martin, 2007. "The economic benefits of health and prevention in a high-income country: the example of Germany," Discussion Papers, Research Group Public Health SP I 2007-302, Social Science Research Center Berlin (WZB).
    7. Hyclak, Thomas J. & Skeels, Christopher L. & Taylor, Larry W., 2016. "The cardiovascular revolution and economic performance in the OECD countries," Journal of Macroeconomics, Elsevier, vol. 50(C), pages 114-125.

    More about this item

    Keywords

    cardiovascular disease; growth empirics; dynamic panel data estimator;

    JEL classification:

    • I10 - Health, Education, and Welfare - - Health - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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