Health Capital and its Relationship to Economic Growth

• Authors: Daniel Zarzycki , Maciej Malaczewski
• Languages of publication: EN

Abstracts

EN

The purpose of the article/hypothesis: The purpose of this paper is to attempt to justify the thesis that the health potential of human and society has an impact on economic well-being, contributing to the economic growth of countries, and thus their enrichment.Methodology: In order to examine the significance and strength of the impact of health capital on productivity on a macroeconomic scale, an econometric model of economic growth was used and six estimations were made in which the impact of subsequent components of this capital was examined.Results of the research: It turned out that 4 out of 6 introduced variables of health capital significantly influenced economic growth, and their direction is consistent with the economic theory. This implies necessity for further studies.

Keywords

EN

economic growth; health indicators; health capital

• Publisher: Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
• Journal: Finanse i Prawo Finansowe
• Year: 2020
• Volume: 2
• Issue: 26
• Pages: 157-170

Dates

published

2020-06-30

Contributors

author

Daniel Zarzycki

• University of Lodz, Department of Econometrics

author

Maciej Malaczewski

• University of Lodz, The Faculty of Economics and Sociology

• https://orcid.org/0000-0001-7798-2581

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Identifiers

DOI

10.18778/2391-6478.2.26.11