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ERM SPSS TABLE OF CONTENTS - An empirical analysis of the relation between economic development and health in rich countries

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Added on  2019-12-18

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ERM TABLE OF CONTENTS Introduction 1 Aim and Objective 1 Literature Review 1 Research question and hypothesis 4 Data Analysis 4 Regression Analysis 4 Conclusion 9 References 10 Introduction In recent years, there are significant advances in understanding the association between health and economic development in low income countries. In this regard, researcher aims to assess the theoretical prospects regarding contribution of human health to the economic development of country. In this regard, study of Mackenbach (2006) illustrates economic growth as the steady process by the means of which productive capacity

ERM SPSS TABLE OF CONTENTS - An empirical analysis of the relation between economic development and health in rich countries

   Added on 2019-12-18

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ERM SPSS TABLE OF CONTENTS - An empirical analysis of the relation between economic development and health in rich countries_1
TABLE OF CONTENTSIntroduction..........................................................................................................................................1Aim and Objective.......................................................................................................................1Literature Review.................................................................................................................................1Research question and hypothesis........................................................................................................4Data Analysis........................................................................................................................................4Regression Analysis.....................................................................................................................4Conclusion............................................................................................................................................9References..........................................................................................................................................10
ERM SPSS TABLE OF CONTENTS - An empirical analysis of the relation between economic development and health in rich countries_2
INTRODUCTIONIn recent years, there are significant advances in understanding the association betweenhealth and economic development in low income countries. But in rich countries or developednation, this issue is not considered as a major problem (Macinko, Starfield and Shi, 2009). In thepresent study, researcher aims at evaluating the contribution of health to economic developmentof Europe. However, there are number of reasons on the basis of which it is essential toemphasize on significance of health for the economy, in particular to the EU countries.Therefore, through the means of undertaking the use of statistical tool, investigator aims to assessthe contribution of health towards the economic development of Europe. For this purpose,regression model has been taken into consideration as it will assist in evaluating the correlationbetween health and economic development. In addition to this, secondary analysis has been alsoconsidered to develop suitable and reliable understanding regarding essential components aboutthe selected topic. Aim and ObjectiveAim:The main purpose of conducting study is to evaluate the contribution of health toeconomic development "health is wealth".Objective:To achieve the above aim it is important for the researcher to develop suitable objectivefor the study which is as follows: Does economic development and health are collinearly related?Hypothesis: Null hypothesis: Better health does not mean a richer economiesAlternative hypothesis: Better health means a richer economiesLITERATURE REVIEWThere is sound theoretical and empirical basis to the argument that human capital matterfor economic development, but in past human capital is either defined narrowly or educatedinappropriately. Thus, the researcher aims to assess the theoretical prospects regardingcontribution of human health to the economic development of country. In this regard, study ofMackenbach (2006) illustrates economic growth as the steady process by the means of whichproductive capacity of the economy is increased over time to bring about rising levels of nationaloutput and income. However, author herein also states that, it is measured through the means like1
ERM SPSS TABLE OF CONTENTS - An empirical analysis of the relation between economic development and health in rich countries_3
gross domestic product (GDP) in real terms (Mackenbach, 2006). Similar to this Malik (2006)presents in their study that, there are three major factor on which economic developmentdepends: stock of labor, and productivity, the latter depending in turn on technological progress.However, technological advancement can be seen as the major source of economic development(Malik, 2006). In the study of Marmot, Allenand Goldblatt, (2012) researcher found that, since humancapital matters for economic outcomes and health is considered as the significant element ofhuman capital, thus, health also matters for economic outcomes. In this regard, researcherassessed that health is determined by the genetic, economic, social, cultural and environmentalfactors, but it is possible that health of population could influence the economic development.Furthermore, study of Mossialos and et.al, (2008) illustrates that health could contribute toeconomic outcomes at two different levels i.e. individual and country level. However, in highlevel income countries, health contributes mainly through four channels: higher productivity,higher labor supply, higher skills as an outcome of higher education and training and mostimportantly through savings available for right investment in physical and intellectual capital(Mossialos and et.al, 2008). In addition to this, through the means of (figure 1) researcher evaluates that; health of anindividual depends upon several factors such as: genetics, lifestyle, education, living andworking conditions etc. However, in regards to assess the contribution that health can make togrowth, it is essential for people to keep in mind about the positive feedback from income tohealth. In this regard, Strittmatter(2011) states that There are two ways through which incomecan influence health i.e. through the means of direct effect on material conditions that have apositive impact on biological survival and health. While on the other hand, through the effect onsocial participation, the opportunity to control life circumstances and the feeling of security. 2
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