Abstract
This paper explores the relationship of real GDP per capita with cancer incidence applying panel threshold regression model in BRICS and ASEAN countries. The empirical results highlight that the business cycle has an inverted-U correlation with population health indicators and a non-linear single threshold effect. In BRICS countries, the health-promoting effect of economic growth is significantly weaker when exceeding the threshold. Similarly, economic growth in ASEAN countries, even worsens population health, after the turning point. These asymmetric effects are strongly related to the response of regional economic globalization health policies. Changes in economic expansion and overheating may have serious adverse effects on health care systems in emerging economies. Governments should adopt more aggressive health care policies during economic overheating, to avoid wasting health care resources.
Highlights
This paper explores the relationship of real GDP per capita with cancer incidence applying panel threshold regression model in BRICS and ASEAN countries
The main purpose of this paper is to explore whether the population health in emerging economies respond to business cycles, and how does economic growth or economic overheating affect population health
To address the shortcoming that associations between variables may be affected by external factors and exhibit non-linear characteristics [37], this paper explores whether population health is influenced by economic growth applying a panel threshold regression model
Summary
The main purpose of this paper is to explore whether the population health (describes as cancer incidence, CI) in emerging economies respond to business cycles (describes as real GDP per capita, GDP), and how does economic growth or economic overheating affect population health. With the continuous accumulation of economic growth on the medical industry capital, the positive correlation between economic growth and population health appears more intuitively in the process of economic development [1, 2]. Business cycles may affect population health in emerging economies countries [4], as evidenced by the health care transformation triggered by investments in the health care industry, which is reflected in the declining cancer incidence in past 20 years. The government should intervene more to promote the stable development of the medical industry when the economy is overheating
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