Measuring the Impact of Health on Economic Growth Using Pooling Data in Regions of Asia
Evidence From a Quantile-On-Quantile Analysis
Bibliographic Data
| ID | 22075271 |
|---|---|
| Authors | Cheng-Feng Wu (0000-0003-0137-8542, Hubei University of Economics), Tsangyao Chang (0000-0003-1738-4621, CTBC Business School), C M Wang (0000-0002-6804-8145, Ming Chuan University), Chien-Ming Wang, Tsung-Pao Wu, Tsung‐Pao Wu (Beijing Institute of Technology), Meng-Chen Lin (Hubei University of Economics, corresponding author), Shian-Chang Huang (0000-0002-3429-0398, National Changhua University of Education, corresponding author) |
| Year | 2021 |
| Volume | 9 |
| Pages | 689610-689610 |
| Publication date | 2021-08-31 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Frontiers in Public Health (JOURNAL) |
| Journal identifiers | ISSN: 2296-2565 • E-ISSN: 2296-2565 |
| Publisher | Frontiers Media SA (PUBLISHER • CH) |
| DOI | 10.3389/fpubh.2021.689610 |
| PMID | 34532306 |
| OpenAlex | W3198656244 |
| Language | EN |
| Citations received | 7 |
| References cited | 44 |
Health improvement has become a significant social priority since a moderately good human capital condition improves the workforce's abilities, efficiency, and quality of life. A rapid increase in healthcare expenditure is a trend in major developing and developed countries; however, healthcare expenditure widely varies among most Asian countries. Asian countries contribute a significant amount of output to economic development worldwide. The statistical test power is more efficient for the pooling of national data than individual national data because of the economic value and trade integration of regional nations. This is the first study that applies the quantile-on-quantile approach to investigate the influence of the quantiles of healthcare on the quantiles of the economy's growth for pooling forty countries in the Asian region. As the quantile of healthcare expenditure increases in the countries, the impact of healthcare expenditure on the economy's growth does not guarantee an increase. The positive and negative effects of healthcare expenditure on developing the economic relationship will repeatedly occur when the quantiles of the economy's growth increase in the countries. One implication is that the governments should account for problems such as corruption, bureaucracy, underinvestment, and inefficiency in health-related resource utilization
Econometrics · Economic growth · Economics · Health care · Inefficiency · Pooling · Quantile · Economic Growth and Productivity · Fiscal Policy and Economic Growth · Global Health Care Issues
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| Unique citing works | 7 |
|---|---|
| Citations per year | 1,75 |
| Citation span | 2022 - 2024 (3) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 6 |