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Health and Development

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Abstract

In this paper we examine whether the Solow growth model is consistent with the cross-countries variations in standard of living, once investments in education and health are explicitly and simultaneously taken into account. Using a sample of low- and middle-income economies, we provide evidence that population's health, here proxied by the life expectancy at birth, has a positive, sizable, and statistically significant effect on both the level and the growth rate of the real per capita GDP.

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  • Alberto Bucci & Lorenzo Carbonari & Monia Ranalli & Giovanni Trovato, 2019. "Health and Development," CEIS Research Paper 470, Tor Vergata University, CEIS, revised 24 Mar 2021.
    • Handle: RePEc:rtv:ceisrp:470
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    Cited by:

    1. Esther Acquah & Lorenzo Carbonari & Alessio Farcomeni & Giovanni Trovato, 2023. "Institutions and economic development: new measurements and evidence," Empirical Economics, Springer, vol. 65(4), pages 1693-1728, October.

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    More about this item

    Keywords

    Health; Education and Human Capital; Economic Development and Growth; Finite Mixture Models; Classification;
    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
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General

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