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Analyzing the Impact of Health and Education on Total Factor Productivity: A Panel Data Approach

Author

Listed:
  • Alvi, Shahzad

    (National University of Sciences & Technology, Islamabad)

  • Ahmed, Ather Maqsood

    (National University of Sciences & Technology, Islamabad)

Abstract

This study examines the impact of health and education on total factor productivity (TFP) by using panel data for the period 1990-2010 for thirty-seven developed and developing countries. In a two-step approach, the Cobb-Douglas production function is estimated initially to calculate TFP. In the second step, the determinants of TFP have been estimated by paying special attention to indicators of health and education. The study uses information on life expectancy as indicator of health and average years of schooling as indicator of education. Common, Random and Fixed Effects modeling approach has been applied. The study finds that the indicator of health has positive, robust and significant impact on TFP whereas the impact of education has been found to be positive and significant. These findings reconfirm the need for improving health and education of the general populace to ensure sustainable growth and economic development. In fact, the study recommends that the developing world which is lagging behind developed nations need to prioritize this effort on urgent basis.

Suggested Citation

  • Alvi, Shahzad & Ahmed, Ather Maqsood, 2014. "Analyzing the Impact of Health and Education on Total Factor Productivity: A Panel Data Approach," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 49(1), pages 109-123.
    • Handle: RePEc:dse:indecr:0086
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    Citations

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    Cited by:

    1. Ruba Abdullah Aljarallah, 2020. "The Economic Impacts of Natural Resource Dependency in Gulf Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 36-52.
    2. Dinkneh Gebre Borojo & Yushi Jiang, 2016. "The Impact of Africa-China Trade Openness on Technology Transfer and Economic Growth for Africa: A Dynamic Panel Data Approach," Annals of Economics and Finance, Society for AEF, vol. 17(2), pages 403-431, November.
    3. Sovna Mohanty, 2017. "Growth Effects of Economic Globalization: A Cross-Country Analysis," Working Papers id:12092, eSocialSciences.
    4. Miao Miao & Jiang Yushi & Dinkneh Gebre Borojo, 2020. "The Impacts of China–Africa Economic Relation on Factor Productivity of African Countries," Economies, MDPI, vol. 8(2), pages 1-30, June.
    5. Aljarallah, Ruba A., 2021. "An assessment of the economic impact of natural resource rents in kingdom of Saudi Arabia," Resources Policy, Elsevier, vol. 72(C).
    6. Ruba A. Aljarallah & Andrew Angus, 2020. "Dilemma of Natural Resource Abundance: A Case Study of Kuwait," SAGE Open, , vol. 10(1), pages 21582440198, January.
    7. Nadide Yigiteli & Fahriye Ozturk, 2022. "Macroeconomic Determinants of Total Factor Productivity: An Analysis on the Example of OECD Countries," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 72(72-1), pages 293-328, June.

    More about this item

    Keywords

    Cobb Douglas Production Function; Total Factor Productivity; Life Expectancy; Common Effects; Random Effects and Fixed Effects;
    All these keywords.

    JEL classification:

    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

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