This paper investigates the effects of health indicators such as adult survival rates (ASR) on GDP growth rates at 5-year intervals in several countries. Panel data were analyzed on GDP series based on purchasing power adjustments and on exchange rates. First, we developed a framework for modeling the inter-relationships between GDP growth rates and explanatory variables by re-examining the life expectancy-income relationship. Second, models for growth rates were estimated taking into account the interaction between ASR and lagged GDP level; issues of endogeneity and reverse causality were addressed. Lastly, we computed confidence intervals for the effect of ASR on growth rate and applied a test for parameter stability. The results showed positive effects of ASR on GDP growth rates in low-income countries.
%0 Journal Article
%1 Bhargava2001
%A Bhargava, A
%A Jamison, D T
%A Lau, L J
%A Murray, C J
%D 2001
%J Journal of health economics
%K AA,Adult,Aged,Causality,Developed Aged,Models,Population Analysis Countries,Developed Countries,Developing Countries: Development,Humans,Income,Investments,Life Dynamics,Socioeconomic Expectancy,Middle Factors,Survival Indicators,Human Status economics,Developing economics,Econometric,Health
%N 3
%P 423--40
%T Modeling the effects of health on economic growth.
%U http://www.ncbi.nlm.nih.gov/pubmed/11373839
%V 20
%X This paper investigates the effects of health indicators such as adult survival rates (ASR) on GDP growth rates at 5-year intervals in several countries. Panel data were analyzed on GDP series based on purchasing power adjustments and on exchange rates. First, we developed a framework for modeling the inter-relationships between GDP growth rates and explanatory variables by re-examining the life expectancy-income relationship. Second, models for growth rates were estimated taking into account the interaction between ASR and lagged GDP level; issues of endogeneity and reverse causality were addressed. Lastly, we computed confidence intervals for the effect of ASR on growth rate and applied a test for parameter stability. The results showed positive effects of ASR on GDP growth rates in low-income countries.
@article{Bhargava2001,
abstract = {This paper investigates the effects of health indicators such as adult survival rates (ASR) on GDP growth rates at 5-year intervals in several countries. Panel data were analyzed on GDP series based on purchasing power adjustments and on exchange rates. First, we developed a framework for modeling the inter-relationships between GDP growth rates and explanatory variables by re-examining the life expectancy-income relationship. Second, models for growth rates were estimated taking into account the interaction between ASR and lagged GDP level; issues of endogeneity and reverse causality were addressed. Lastly, we computed confidence intervals for the effect of ASR on growth rate and applied a test for parameter stability. The results showed positive effects of ASR on GDP growth rates in low-income countries.},
added-at = {2012-02-27T06:11:36.000+0100},
author = {Bhargava, A and Jamison, D T and Lau, L J and Murray, C J},
biburl = {https://www.bibsonomy.org/bibtex/29f4ee5bc892fe3b325fd3f6c6a0fc559/kamil205},
file = {:Users/Miguel/Dropbox/Escola/Artigos/Bhargava et al.\_2001\_Modeling the effects of health on economic growth.pdf:pdf},
interhash = {08f2ed3547c7331c29855b4989f160f0},
intrahash = {9f4ee5bc892fe3b325fd3f6c6a0fc559},
issn = {0167-6296},
journal = {Journal of health economics},
keywords = {AA,Adult,Aged,Causality,Developed Aged,Models,Population Analysis Countries,Developed Countries,Developing Countries: Development,Humans,Income,Investments,Life Dynamics,Socioeconomic Expectancy,Middle Factors,Survival Indicators,Human Status economics,Developing economics,Econometric,Health},
mendeley-tags = {AA},
month = may,
number = 3,
pages = {423--40},
pmid = {11373839},
timestamp = {2012-02-27T06:11:42.000+0100},
title = {{Modeling the effects of health on economic growth.}},
url = {http://www.ncbi.nlm.nih.gov/pubmed/11373839},
volume = 20,
year = 2001
}