The Impact of Health on Economic Growth: A Panel Data Investigation of Asia

Abstract

This research investigates the relationship between health and economic growth by using a balanced panel of 42 Asian economies over the time period ranging from 1995 to 2016. Panel co-integration test with Dynamic ordinary least squares (DOLS) and fully modified ordinary least squares (FMOLS) are part of our analysis to check the association between health indicator and economic growth of both the genders. This study has positive and statistically significant effect of health changes on per capita income of male and female. Moreover, this research concludes the economic performance has also a significant impact on health improvement ceterus paribus. These findings imply that health improvement policies should be used as apparatus to economic growth and vice versa.