This paper studies the empirical relationship between a country's health and its GDP dynamics in low- and middle-income countries. We employ a semi-parametric technique, which combines mixed panel data models and cluster analysis to account for unobserved heterogeneity, which is an important source of estimation bias in growth regressions. We estimate a version of Mankiw, Romer and Weil (1992) augmented with human capital, in the form of both education and health. Our estimates show that population's health, here proxied by life expectancy at birth, has a positive, sizable, and statistically signicant effect on both the level and the growth rate of the real per capita GDP.

Health and Economic Development: Evidence from non-OECD Countries / A. Bucci, L. Carbonari, M. Ranalli, G. Trovato. - In: APPLIED ECONOMICS. - ISSN 0003-6846. - (2021). [Epub ahead of print] [10.1080/00036846.2021.1939856]

Health and Economic Development: Evidence from non-OECD Countries

A. Bucci;
2021

Abstract

This paper studies the empirical relationship between a country's health and its GDP dynamics in low- and middle-income countries. We employ a semi-parametric technique, which combines mixed panel data models and cluster analysis to account for unobserved heterogeneity, which is an important source of estimation bias in growth regressions. We estimate a version of Mankiw, Romer and Weil (1992) augmented with human capital, in the form of both education and health. Our estimates show that population's health, here proxied by life expectancy at birth, has a positive, sizable, and statistically signicant effect on both the level and the growth rate of the real per capita GDP.
Health; Education and Human Capital; Economic Development and Growth; Finite Mixture Models; Classication.
Settore SECS-P/01 - Economia Politica
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/2434/848679
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