Abstract
This paper uses the 74-dimensional macroeconomic data set from 2005 to 2017 as a sample to construct a TVP-FAVAR model to empirically study the impact of China's economic growth on the health of residents. The study found that China's economic growth has an impact on the health of residents and is transformed into changes in the macroeconomic environment that exhibit non-linear time-varying characteristics. Specifically: (1) During the period of steady economic growth, China's economic growth has caused a significant increase in population mortality rate, infectious disease mortality rate, medical expenses of residents, traffic accident rate, neonatal mortality rate, and tumor mortality rate; (2) During the financial crisis, the positive impact of economic growth on population mortality rate, infectious disease mortality rate, traffic accident rate, and neonatal mortality rate was significantly reduced, while the medical expenses of residents, tumor mortality rate, and cardiovascular morbidity rate and the incidence of mental illness rate has a more obvious inhibitory effect; (3) In the period of sustained economic downturn, the positive impact of economic growth on overall population mortality rate, infectious disease incidence rate, traffic accident rate, and neonatal mortality rate continues to decrease, still negatively affecting the incidence of mental illness rate and cardiovascular morbidity rate. In this paper, we suggested that the Chinese government further promote the transformation of the economic growth model in the new normal economic stage, increase public health fiscal expenditure, and realize an economic development evaluation system that is oriented toward improving the health of residents.
Highlights
Since the reform and opening-up, China’s economic growth has achieved remarkable results and has become the second-largest economy in the world
The results showed that GNP is an important determinant of the health of residents, but at the same time, he found that richer does not mean healthier
From the time-varying characteristics of the current period, the results show that the economic growth of China has caused a simultaneous increase in population mortality rate
Summary
Since the reform and opening-up, China’s economic growth has achieved remarkable results and has become the second-largest economy in the world now. While the Chinese economy has achieved remarkable results, Economic Growth on the Health of Residents the problems of the health of residents are worrying. Questions worthy of study are: What is the impact of China’s economic growth on the health of residents? In order to answer these questions, first, on the basis of existing research, this paper sorted out the transmission channels of the impact of economic growth on the health of residents, sets up a high-dimensional time-varying FAVAR econometric model, based on China’s data, empirical tests the non-linear impact of China’s economic growth on the indicators of the health of residents from a macro perspective, and answers based on research conclusions of the above questions. The structure of this paper is as follows: the first part is the introduction, the second part is the literature review, the third part is the empirical research, and the fourth part is the research conclusions and related policy recommendations
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
