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Title EFFECT OF HEALTH ON ECONOMIC GROWTH IN PAKISTAN

Author(s) Shahbaz Aslam

Abstract Health is defined as a state of complete physical, mental and social well-being and not merely the absence of disease or infirmity. Basic objective of health is to enhance the quality of human life. Healthy people are better able to learn, work and contribute in economic growth. Good health is important to improve the standards of living of a nation. Healthy people prefer to work rather than sit idle. Barro and Lee (1996) analyzed that improvements in health reveals higher growth rate. Similarly Holyachi and Kengnal (2017) found positive relation between health expenditure and economic growth. A number of studies analyzed the impact of education on economic growth. However, the present study has incorporated the various health indicators like life expectancy, infant mortality rate and health expenditure in order to analyze the impact of health on economic growth. The study uses per capita GDP as proxy for dependent variable. The study employs econometric techniques like autoregressive distributed lag model (ARDL) on time series data for empirical analysis. The study found an important impact of various health indicators (life expectancy, infant mortality rate and health expenditure) on the economic growth in Pakistan. A positive effect in terms of life expectancy on economic growth led to an improvement of economic activity through additional years on longevity of the working age population. Expenditure on health was found to exert positive impact on economic growth in the long run. This shows that investment in individual’s health is important for a sustainable economic growth of the country.

Type Thesis/Dissertation

Faculty Management Sciences

Department Economics

Language English

Publication Date 2018-12-14

Subject Economics

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