Comparative Analysis of Health and Economic Growth Nexus: A Case Study of Bangladesh, India and Pakistan

Muska Nazir, Dr Ahmed Farhan Saeed, Dr Sanam Wagma Khattak

doi:10.52337/pjia.v4i1.153

Abstract

Health is one of the key factor that determines the growth of an economy. It is the improved health of the labor that can translate into increased output levels, higher level of productivity and efficient utilization of resources. For the study, Pooled OLS regression over the period from 1980-2017 is applied on panel data to find the results of health and economic growth nexus for three lower middle income countries that are Bangladesh, India and Pakistan. For Pakistan, Bangladesh and India, their statistics provides further support to existing literature showing a significant and positive relationship of health with economic growth. Comparing their results, it is found that India’s better health facilities are contributing more towards economic growth as compared to Pakistan and Bangladesh. Therefore, their focus too should be on improvement of health indicators in order to achieve higher economic growth levels.

Highlights

Efficient use of resources leads to growth in an economy
One the most important factor among them is the health of labor as it provides help by increasing their output level, boosting their productivity and most of all enabling them in enhancing the competence of accessible resources
From one side larger number of population would lead to increasing growth in the economy but if we look from the other side we can see that increased number of people in an economy does not always translate into increased productivity in an economy

Summary

Introduction

Efficient use of resources leads to growth in an economy. Economic growth indicates the progress and development in the country. One the most important factor among them is the health of labor as it provides help by increasing their output level, boosting their productivity and most of all enabling them in enhancing the competence of accessible resources. It is a healthy human being who can perform all the possible physical and intellectual activities for better living standards. Better health being an ultimate gift to mankind can be used as an asset for the progress of economic growth in a country. Lower output levels is in turn a straight route to a decreased growth in the economy

Methods

Results

Conclusion