Health and Economic Growth : Reconciling the Micro and Macro Evidence

Economists use micro-based and macro-based approaches to assess the macroeconomic return to population health. The macro-based approach tends to yield estimates that are either negative and close to zero or positive and an order of magnitude larger than the range of estimates derived from the micro-...

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Veröffentlicht in:World development. - 1999. - 178(2024) vom: 11. März
1. Verfasser: Bloom, David E (VerfasserIn)
Weitere Verfasser: Canning, David, Kotschy, Rainer, Prettner, Klaus, Schünemann, Johannes
Format: Online-Aufsatz
Sprache:English
Veröffentlicht: 2024
Zugriff auf das übergeordnete Werk:World development
Schlagworte:Journal Article Productivity economic development human capital population health
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520 |a Economists use micro-based and macro-based approaches to assess the macroeconomic return to population health. The macro-based approach tends to yield estimates that are either negative and close to zero or positive and an order of magnitude larger than the range of estimates derived from the micro-based approach. This presents a micro-macro puzzle regarding the macroeconomic return to health. We reconcile the two approaches by controlling for the indirect effects of health on income per capita, which macro-based approaches usually include but micro-based approaches deliberately omit when isolating the direct income effects of health. Our results show that the macroeconomic return to health lies in the range of plausible microeconomic estimates, demonstrating that both approaches are in fact consistent with one another 
650 4 |a Journal Article 
650 4 |a Productivity 
650 4 |a economic development 
650 4 |a human capital 
650 4 |a population health 
700 1 |a Canning, David  |e verfasserin  |4 aut 
700 1 |a Kotschy, Rainer  |e verfasserin  |4 aut 
700 1 |a Prettner, Klaus  |e verfasserin  |4 aut 
700 1 |a Schünemann, Johannes  |e verfasserin  |4 aut 
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