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Does Health Matter for Economic Growth?

Author

Listed:
  • Jangraiz KHAN
  • Naeem Ur Rehman KHATTAK

    (Education Department, Pakistan.)

Abstract

This paper reviewed extensive theoretical and empirical studies which emphasize the role human capital in form of health, in economic growth. Most of the studies used proxies like life expectancy, infant mortality rate and health expenditure to estimate the effects of health on economic growth. Majority of the studies agree the positive impact of health on the economic growth and suggest investment in health to achieve sustained economic growth.

Suggested Citation

  • Jangraiz KHAN & Naeem Ur Rehman KHATTAK, 2016. "Does Health Matter for Economic Growth?," Journal of Economic and Social Thought, KSP Journals, vol. 3(1), pages 166-170, March.
    • Handle: RePEc:ksp:journ3:v:3:y:2016:i:1:p:166-170
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    References listed on IDEAS

    as
    1. Jangraiz KHAN & Zilakat Khan MALIK, 2015. "Education-Economic Growth Nexus: A Review," Journal of Economic and Social Thought, KSP Journals, vol. 2(2), pages 121-126, June.
    2. T. Paul Schultz, 2003. "Human Capital, Schooling and Health Returns," Working Papers 853, Economic Growth Center, Yale University.
    3. Schultz, T. Paul, 2003. "Human capital, schooling and health," Economics & Human Biology, Elsevier, vol. 1(2), pages 207-221, June.
    4. Khan, Jangraiz & Rehman Khattak, Naeem Ur, 2014. "The Significance of Research and Development for Economic Growth: The Case of Pakistan," MPRA Paper 56005, University Library of Munich, Germany.
    5. Hartwig, Jochen, 2010. "Is health capital formation good for long-term economic growth? - Panel Granger-causality evidence for OECD countries," Journal of Macroeconomics, Elsevier, vol. 32(1), pages 314-325, March.
    6. Robert A. Shakotko & Linda N. Edwards & Michael Grossman, 1980. "An Exploration of the Dynamic Relationship between Health and Cognitive Development in Adolescence," NBER Working Papers 0454, National Bureau of Economic Research, Inc.
    7. Simmons, John & Alexander, Leigh, 1978. "The Determinants of School Achievement in Developing Countries: A Review of the Research," Economic Development and Cultural Change, University of Chicago Press, vol. 26(2), pages 341-357, January.
    8. Knowles, Stephen & Owen, P. Dorian, 1995. "Health capital and cross-country variation in income per capita in the Mankiw-Romer-Weil model," Economics Letters, Elsevier, vol. 48(1), pages 99-106, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Health; human capital; economic growth life expectancy.;
    All these keywords.

    JEL classification:

    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other
    • 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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