Health Capital and its Relationship to Economic Growth

• Authors: Daniel Zarzycki , Maciej Malaczewski

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: 2021
• Issue: Numer Specjalny
• Pages: 185-198

Dates

published

2021

Contributors

author

Daniel Zarzycki

• University of Lodz, Department of Econometrics

author

Maciej Malaczewski

• University of Lodz, Department of Econometrics

• https://orcid.org/0000000177982581

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Identifiers

DOI

10.18778/2391-6478.S.2021.10

Biblioteka Nauki

2121680