The effect of health on economic growth: a meta-regression analysis

Ridhwan, MM (通讯作者),Bank Indonesia, Bank Indonesia Inst, Jakarta, Indonesia.
2022-12
The main objective of this study is to examine the effect of health on economic growth based on 719 estimates obtained from 64 studies from all over the world. We find evidence of a publication bias towards a positive estimated effect of health on economic growth. After accounting for heterogeneity of the estimates, we show that health has a genuine positive effect on economic growth. Less developed countries seem to enjoy a higher effect of health on growth driven by the ongoing economic-demographic transition in those countries. The variation of the health effect on economic growth is also influenced by the available data, estimation procedure, model specification, publication channel, and country characteristics in each study. Studies that do not account for endogeneity seem to create an upward bias. Studies with more comprehensive variables seem to increase the estimated effect of health on growth. A higher number of years of compulsory education, longer working experience, and more favourable environmental conditions also increase the effect size. Overall, our results confirm the key role of the health factor in explaining economic growth across countries.
EMPIRICAL ECONOMICS
卷号:63|期号:6|页码:3211-3251
ISSN:0377-7332|收录类别:SSCI
语种
英语
来源机构
Bank Indonesia; Open University Netherlands; Alexandru Ioan Cuza University
被引频次(WOS)
1
被引频次(其他)
1
180天使用计数
10
2013以来使用计数
11
EISSN
1435-8921
出版年
2022-12
DOI
10.1007/s00181-022-02226-4
关键词
Meta-regression analysis Mixed effect Economic growth Health
WOS学科分类
Economics Social Sciences, Mathematical Methods
学科领域
循证经济学 循证社会科学-综合