Nexuses between Economic Growth and Health Indicators: Evidence from Pakistan
Keywords:Health indicators, Economic growth, Co-integration
The goal of this article is to look at how various health indices affect Pakistan's economic growth. Error Correction and co-integration methods were used on Pakistan time series data from 1990 to 2022. Long-run, there is a significant relationship between per capita GDP and health indicators, which are significantly affecting per-capita GDP. According to the short run, health indicators have no meaningful influence on per-capita GDP. While indicators of health have a considerable long-run influence in economic growth. It implies that the influence of health indicators can only impact in the long run. The study's main result suggests financial gain, through growing and raising the stock of healthy human capital, particularly if present stocks are at a low level. Improved health has a two-way interaction with the economic process. This increased financial gain is spent on human capital investment can result in higher per capita growth. The goal of this research is to examine the short-run and long-term temporal connections between health and per capita GDP using mistreatment Co-integration and Error Correction. Long-term health and economic process studies would be extremely valuable in determining the achievable magnitudes of the entire cumulative effects of health on economic process. Two key hypotheses would be examined; the first would be that 'health influences economic growth' might be a long-standing temporal development. Second, what role do health output and input factors play in per capita GDP growth?
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