Arbeitspapier
The relationship between health and growth: When Lucas meets Nelson-Phelps
This paper revisits the relationship between health and growth in light of modern endogenous growth theory. We propose a unified framework that encompasses the growth effects of both the rate of improvement of health and the level of health. Based on cross-country regressions over the period 1960-2000, we find that a higher initial level and a higher rate of improvement in life expectancy both have a significantly positive impact on per capita GDP growth. Then, restricting attention to OECD countries, we find supporting evidence that only the reduction in mortality below age forty generates productivity gains, which in turn may explain why the positive correlation between health and growth in cross-OECD country regressions appears to have weakened since 1960.
- Language
-
Englisch
- Bibliographic citation
-
Series: Bruegel Working Paper ; No. 2010/04
- Classification
-
Wirtschaft
- Subject
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Neue Wachstumstheorie
Gesundheit
Sterblichkeit
Sozialprodukt
Wirtschaftswachstum
Regression
OECD-Staaten
- Event
-
Geistige Schöpfung
- (who)
-
Aghion, Philippe
Howitt, Peter
Murtin, Fabrice
- Event
-
Veröffentlichung
- (who)
-
Bruegel
- (where)
-
Brussels
- (when)
-
2010
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Aghion, Philippe
- Howitt, Peter
- Murtin, Fabrice
- Bruegel
Time of origin
- 2010
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