Show/Hide Menu
Hide/Show Apps
anonymousUser
Logout
Türkçe
Türkçe
Search
Search
Login
Login
OpenMETU
OpenMETU
About
About
Open Science Policy
Open Science Policy
Frequently Asked Questions
Frequently Asked Questions
Communities & Collections
Communities & Collections
Essays on health and economic development nexus: new evidence from a panel of countries
Download
index.pdf
Date
2018
Author
Öztürk, Ceyhan
Metadata
Show full item record
Item Usage Stats
4
views
2
downloads
This empirical study investigates the effects of health on economic development that include linear, quadratic and cubic specifications for the periods 1940-1980, 1940-2009, and 1980-2009. This study tries to bring out different characteristics of the effects of health on economic growth. Hence, different periods are used depending on short and long-terms of life expectancy, body mass index, and systolic blood pressure as proxy variables for health to investigate effect of health on gross domestic product per capita. These health proxies have common characteristic of being age-dependent. Therefore, these specifications enable us to examine different dimensions of wealth-health nexus. The economic development proxy variables used are years of schooling (human capital), GDP per person engaged, manufacturing value added per person engaged (productivity), and gross domestic savings. The ordinary least squares, fixed-effects and generalized method of moments (Arellano-Bond) estimation are used for 10 yearly and balanced panel data for the 1940-1980 and 1940-2009 periods, and 5 yearly and balanced panel data for the 1980-2009 period for 47 countries. Also, for all these periods, long-difference estimation by OLS and instrumental variable estimation are utilized. Our empirical results with different health proxy variables used are generally consistent with each other. More clearly, there is a non-linear and non-monotonic association between all health proxy variables and economic development proxy variables. As a conclusion, our empirical results provide significant evidence that preserving human physiological health functions reinforces economic growth and other important indicators.
Subject Keywords
Vital statistics.
,
Life expectancy.
,
Economic development.
URI
http://etd.lib.metu.edu.tr/upload/12622821/index.pdf
https://hdl.handle.net/11511/27816
Collections
Graduate School of Social Sciences, Thesis