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Year:: 2011
Contributor:: Weil, David N. (creator)
Genre:: articles
Subject:: Health status indicators; Gross domestic product; Health; Economic development; Economics
DOI: https://doi.org/10.1162/qjec.122.3.1265

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Abstract:: I use microeconomic estimates of the effect of health on individual outcomes to construct macroeconomic estimates of the proximate effect of health on GDP per capita. I employ a variety of methods to construct estimates of the return to health, which I combine with cross-country and historical data on height, adult survival rates, and age at menarche. Using my preferred estimate, eliminating health differences among countries would reduce the variance of log GDP per worker by 9.9 percent and reduce the ratio of GDP per worker at the 90th percentile to GDP per worker at the 10th percentile from 20.5 to 17.9. While this effect is economically significant, it is also substantially smaller than estimates of the effect of health on economic growth that are derived from cross-country regressions.

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Weil, David N., "Accounting for the effect of health on economic growth" (2011). Open Publications at Brown. Brown Digital Repository. Brown University Library. https://doi.org/10.1162/qjec.122.3.1265

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Open Publications at Brown

This collection contains public access and open access versions of scholarly publications authored and deposited by Brown University scholars, including faculty publications in compliance with the Brown Faculty Open Access Policy
Faculty and student publications include open access articles and …

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Accounting for the effect of health on economic growth