Does the Improved Health Can Raise GDP? (A Longitudinal Study of Pakistan Economy)Airlines
Khan R, Salim H and Laila A
Published on: 2019-12-28
Objective: The prime objective of this research work is to identify impact of Human Health Capital on Nation’s economy (GDP) to get the weak points or effected points and explore how health and its variable effect on GDP Growth.
Data and Methods: A descriptive and detail study consists of 57 periodical observations of time series data to determine the effect of Health indicators (like Health Expenditure, Age Dependency, Mortality rate of Adults and child, Health awareness and education) on GDP. In this study we used health expenditure for deterring of major health input variable. The independent variable of the model was Per capita GDP and also was proxy for GDP growth. The data were tooked from 1961 to 2018 on yearly basis form secondary sources such as State Bank of Pakistan, Pakistan Statistics Bureau, World Bank and WHO.
Results: The model was ninety six (96%) percent complete (r²= 0.96 while adjusted R-squared is 0.95), and variables were relevant. The dependent variable was GDP while the method was for analysis least square (Regression Equitation). Results shows that health indicator health human capital (physical) play significant role while some variable does not have result oriented relation economic growth. In short they affect only in long term relationship.
Conclusion: Results shows that country like Pakistan which require high & optimize level of income ratio per capita, they can achieve the his target only by improving efforts and increasing the stock of human health capital (physical), particularly when the financial status is at the bottom. Furthermore, the results indicate that public health expenditure, life expectancy and secondary enrolment did not effect on GDP and GDP growth.