The relationship between health and GDP in OECD countries in the very long run

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Title The relationship between health and GDP in OECD countries in the very long run
Author Swift, Robyn Frances
Journal Name Health Economics
Year Published 2011
Place of publication United Kingdom
Publisher John Wiley & Sons
Abstract This paper uses Johansen multivariate cointegration analysis to examine the relationship between health and GDP for 13 OECD countries over the last two centuries, for periods ranging from 1820–2001 to 1921–2001. A similar, long run, cointegrating relationship between life expectancy and both total GDP and GDP per capita was found for all the countries estimated. The relationships have a significant influence on both total GDP and GPD per capita in most of the countries estimated, with 1% increase in life expectancy resulting in an average 6% increase in total GDP in the long run, and 5% increase in GDP per capita. Total GDP and GDP per capita also have a significant influence on life expectancy for most countries. There is no evidence of changes in the relationships for any country over the periods estimated, indicating that shifts in the major causes of illness and death over time do not appear to have influenced the link between health and economic growth.
Peer Reviewed Yes
Published Yes
Alternative URI http://dx.doi.org/10.1002/hec.1590
Copyright Statement Copyright 2010 John Wiley & Sons, Ltd. This is the pre-peer reviewed version of the following article: The relationship between health and GDP in OECD countries in the very long run, Health Economics, Vol.20, 3, 2010, pp.306-322, which has been published in final form at http://dx.doi.org/10.1002/hec.1590.
Volume 20
Issue Number 3
Page from 306
Page to 322
ISSN 1057-9230
Date Accessioned 2010-12-07
Language en_US
Faculty Griffith Business School
Subject Economic Development and Growth
URI http://hdl.handle.net/10072/35716
Publication Type Journal Articles (Refereed Article)
Publication Type Code c1

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