DABUS Carlos Dario
New Evidence of the Health Status and Economic Growth Relationship
MONTERUBBIANESI, PABLO, DABÚS, CARLOS Y GRANDES MARTÍN
Serbian Association of Economist
Lugar: Belgrado; Año: 2017
Over the last two decades, the role of health as a determinant of growth has been gaining ground in economic analysis due to the longer average life expectancy at birth or lower infant mortality experienced in developing and fast-growing emerging economies. The empirical approach to this problem, based primarily on econometric analysis, has focused on two alternative approaches; the growth accounting models and the ?a la Barro? regressions. The aim of this study is to measure the contribution of health to economic growth using an expanded panel of 91 countries for the period 1960?2005 and to compare the results emerging from these approaches, controlling for potential endogeneity. Our main show the marginal effect of a change in health status on the long-term income lies between 2.6% in the growth accounting models and 8.3% in the ?a la Barro? regressions, consistent with previous estimators in the literature.