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dc.contributor.authorSwift, Robyn
dc.contributor.editorNguyen, Tom
dc.date.accessioned2020-01-16T08:01:52Z
dc.date.available2020-01-16T08:01:52Z
dc.date.issued2009
dc.identifier.issn1837-7750
dc.identifier.otherRePEc:gri:epaper:economics:200908
dc.identifier.urihttp://hdl.handle.net/10072/390404
dc.description.abstractThis paper uses Johansen multivariate cointegration analysis to examine the relationship between health and GDP for thirteen OECD countries over the last two centuries, for periods ranging from 1820-2001 to 1921-2001. A similar, long run, cointegrating relationship between life expectancy and both total GDP and GDP per capita was found for all of the countries estimated. The relationships have a significant influence on both total GDP and GPD per capita in most of the countries estimated, with 1% increase in life expectancy resulting in an average 6% increase in total GDP in the long run, and 5% increase in GDP per capita. Total GDP and GDP per capita also have a significant influence on life expectancy for most countries. There is no evidence of changes in the relationships for any country over the periods estimated, indicating that shifts in the major causes of illness and death over time do not appear to have influenced the link between health and economic growth.
dc.format.extent3 pages
dc.languageEnglish
dc.publisherGriffith University
dc.publisher.placeBrisbane, Australia
dc.relation.ispartofpagefrom1
dc.relation.ispartofpageto3
dc.subject.keywordsI00 - Health, Education, and Welfare: General
dc.subject.keywordsHealth
dc.subject.keywordsGDP
dc.subject.keywordsLife expectancy
dc.subject.keywordsEconomic growth
dc.subject.keywordsVECM
dc.title2009-08: The Relationship between Health and GDP in OECD Countries in the Very Long Run (Working paper)
dc.typeReport
dc.type.descriptionDiscussion Paper
gro.facultyGriffith Business School
gro.description.notepublicEconomics and Business Statistics
gro.rights.copyrightCopyright © 2010 by author(s). No part of this paper may be reproduced in any form, or stored in a retrieval system, without prior permission of the author(s).
gro.date.issued2009
gro.hasfulltextFull Text
gro.griffith.authorSwift, Robyn F.


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