Economic growth and health: direct impact or reverse causation?
- 1 November 1999
- journal article
- research article
- Published by Taylor & Francis in Applied Economics Letters
- Vol. 6 (11) , 761-764
- https://doi.org/10.1080/135048599352367
Abstract
The purpose of this paper is to identify the role of health status in productivity. In order to check the existence of reverse causation suggested by previous studies the Hausman test was carried out and different sets of instruments were used as exogenous determinants of health expenditure. Variables related to health expenditure were used to estimate the elasticity and these produced accepted results. Evidence was obtained to support the positive effect of health on economic growth.Keywords
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