The effect of health investment on growth: A causality analysis

Rivera, Berta; Currais, Luis

doi:10.1007/bf02296180

Cited by 45 publications

(30 citation statements)

References 26 publications

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“…We also considered the growth rates of each country's export partners as used by Acemoglu et al (2008) and the modified version suggested by Burke (2012). Other variables relating to long-term growth rates such as the number of hospital beds, measuring health expenditures and thus driving growth (Rivera and Currais, 2003), were not available for the entire period, while information pertaining to intellectual property rights, such as the Ginarte-Park Index was not available for a large number of countries.…”

Section: Reverse Causalitymentioning

confidence: 99%

Global energy use: Decoupling or convergence?

Csereklyei¹,

Stern

2015

Energy Economics

123

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We examine the key factors driving change in energy use globally over the past four decades. We test for both strong decoupling where economic growth has less effect on energy use as income increases, and weak decoupling where energy use declines over time in richer countries, |emphceteris paribus. Our econometric approach is robust to the presence of unit roots, unobserved time effects, and spatial effects. Our key findings are that the growth of per capita energy use has been primarily driven by economic growth, convergence in energy intensity, and weak decoupling. There is no sign of strong decoupling. JEL Classification: Q43, O13

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Section: Reverse Causalitymentioning

confidence: 99%

Global energy use: Decoupling or convergence?

Csereklyei¹,

Stern

2015

Energy Economics

123

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“…It is also an important determinant of the productivity of human capital. World Bank and others have drawn attention to health as a factor in economic development [87,88]. Fogel found that one third or more of the economic growth in England over the last two centuries was attributable to improvements in nutrition which result in greater height and weight [89].…”

Section: Income Inequalitiesmentioning

confidence: 99%

“…High inequality reduces economic development by slowing poverty eradication, retarding investments in education, and inhibiting entrepreneurship [101]. World Bank and others have drawn attention to health as a factor in economic development [88].…”

Section: Income Inequalitiesmentioning

confidence: 99%

Human Capital and Sustainability

Jacobs¹,

Nagar²

2011

Sustainability

139

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A study of sustainability needs to consider the role of all forms of capital-natural, biological, social, technological, financial, cultural-and the complex ways in which they interact. All forms of capital derive their value, utility and application from human mental awareness, creativity and social innovation. This makes human capital, including social capital, the central determinant of resource productivity and sustainability. Humanity has entered the Anthropocene Epoch in which human changes have become the predominant factor in evolution. Humanity is itself evolving from animal physicality to social vitality to mental individuality. This transition has profound bearing on human productive capabilities, adaptability, creativity and values, the organization of economy, public policy, social awareness and life styles that determine sustainability. This article examines the linkages between population, economic development, employment, education, health, social equity, cultural values, energy intensity and sustainability in the context of evolving human consciousness. It concludes that development of human capital is the critical determinant of long-term sustainability and that efforts to accelerate the evolution of human consciousness and emergence of mentally self-conscious individuals will be the most effective approach for ensuring a sustainable future. Education is the primary lever. Human choice matters.

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“…Here, we briefly summarize the results of recent literature which examine the relationship between health and economic growth. Rivera and Currais (2003) investigate the influence of health investment on productivity in OECD countries over the period 1960-2000. The authors estimate an Augmented Solow Model by using ordinary least squares and two stages least squares estimators and find that health expenditure has a positive effect on economic growth (Rivera and Currais, 2003).…”

Section: Literature Reviewmentioning

confidence: 99%

“…There are quite a few studies which investigate the impact of health/health care expenditure on economic growth in the existing literature. These studies generally find that health/health care expenditure has a positive influence on economic growth (see for instance; Rivera and Currais, 2003;Bloom et al, 2004 andLI andHuang, 2009). However, the number of studies which analyse the causality between health care expenditure and economic growth is very low.…”

Section: Introductionmentioning

confidence: 99%

An Empirical Analysis on the Relationship between Health Care Expenditures and Economic Growth in the European Union Countries

Tunalı¹,

Saruç²

2018

European Journal of Medicine and Natural Sciences

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This paper empirically investigates the relationship between health expenditure and economic growth in the European Union countries over the period 1995-2014. By using the Dumitrescu-Hurlin Test (Dumitrescu and Hurlin, 2012) which is developed to test Granger causality in panel datasets (Lopez and Weber, 2017), it is found that there is a unidirectional relationship between these variables and gross domestic product (GDP) per capita Granger causes health expenditure per capita. After determining the direction of the relationship between health expenditure per capita and GDP per capita we estimate the short run and the long run effects of GDP per capita on health expenditure per capita by using Mean Group (MG) and Pooled Mean Group (PMG) estimators which are developed by Pesaran and Smith (1995) and Pesaran, Shin and Smith (1999) respectively. According to the estimation results, GDP per capita has a positive effect on health expenditure per capita both in the short run and the long run.

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The effect of health investment on growth: A causality analysis

Abstract: Abstract

Cited by 45 publications

References 26 publications

Global energy use: Decoupling or convergence?

Global energy use: Decoupling or convergence?

Human Capital and Sustainability

An Empirical Analysis on the Relationship between Health Care Expenditures and Economic Growth in the European Union Countries

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