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The impact of health status and human capital formation on regional performance: Empirical evidence

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  • Mercedes Gumbau Albert

Abstract

The purpose of this paper is to analyse the impact of health on growth, assuming that it is a fundamental component of the human capital of a region along with education. Various measures of population health status are used, together with a health index generated by principal component analysis. Potential endogeneity between health and growth is controlled for using instrumental variable regressions and dynamic panel data. The results show a positive effect of a change in health status on regional output and a negative effect of proxy variables for health limitations on regional performance. This corroborates the importance of investing in health along with education with the aim of improving not only the well‐being of individuals but the human capital and growth of a region. El propósito de este documento es analizar el impacto de la salud en el crecimiento, asumiendo que es un componente fundamental del capital humano de una región, junto con la educación. Se utilizan diversas medidas del estado de salud de la población, junto con un índice de salud generado mediante un análisis de componentes principales. Se controló la endogeneidad potencial entre la salud y el crecimiento mediante el uso de regresiones de variables instrumentales y datos de panel dinámicos. Los resultados muestran el efecto positivo en la producción regional de un cambio en el estado de salud y el efecto negativo en el rendimiento regional de las variables sustitutivas de las limitaciones de salud. Esto corrobora la importancia de invertir en la salud junto con la educación, con el objetivo de mejorar no sólo el bienestar de las personas sino también el capital humano y el crecimiento de una región. 本稿では、健康が教育とともに地域の人的資本の基本的な構成要素であると仮定し、健康が成長に及ぼす影響を分析する。集団の健康状態の様々な尺度を、主成分分析によって生成される健康指数とともに使用する。操作変数回帰と動的パネルデータを用いて、健康と成長の間の潜在的内生性を制御した。結果から、地域アウトプットに対する健康状態の変化のプラスの効果と地域パフォーマンスに対する健康制限の代理変数のマイナスの効果が示される。これは、個人の福祉だけでなく、地域の人的資本と成長を改善することを目的として、教育とともに健康にも投資することの重要性を裏付けている。

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  • Mercedes Gumbau Albert, 2021. "The impact of health status and human capital formation on regional performance: Empirical evidence," Papers in Regional Science, Wiley Blackwell, vol. 100(1), pages 123-139, February.
    • Handle: RePEc:bla:presci:v:100:y:2021:i:1:p:123-139
    DOI: 10.1111/pirs.12561
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