Keywords: Health, Investment, Economic Growth, GDP per Capita, Disease, Human Capital, Income, Productivity.
JEL Classification: I15, H51
Health is an invaluable asset for human beings. Being healthy and living a long life are the most important goals of every individual. Good health has a significant importance for human existence and is a very important so...
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...econd or in studying how GDP per capita varies with changes in health expenditure per capita. The data for the regression are taken from World Bank database and Figure 1 shows the values of the two variables in Albania over the period 1995-2011.
Rivera and Currais estimated the relationship between health and economic growth of The Organization for Economic Co-operation and Development (OECD) member countries over the period 1960-1990 and showed that countries with higher health expenditures had higher economic growth .
Other authors have also made research on the impact of health expenditures on economic growth. A study in thirty-three developing countries over the period 1990-1998, using the generalized Solow growth model and panel data model, resulted in a positive and significant impact of health expenditure on economic growth. (Mojtahed and Javadipour, 2004).
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