Health Human Capital Investment and Economic Growth

Lili Zheng () and Yuan Lu ()
Additional contact information
Lili Zheng: School of insurance, Central University of Finance and Economics, Beijing, China
Yuan Lu: School of insurance, Central University of Finance and Economics, Beijing, China

Technium Social Sciences Journal, 2020, vol. 8, issue 1, 229-248

Abstract: Economic growth depends on factor inputs, and health human capital investment is a very important factor input. We set up a three-period overlapping generation model of personal health investment and government public health investment in the formation of physical capital and human capital and its impact on economic growth. Our findings show that health human capital investment can increase economic growth. We also conducted empirical research on the relationship between health human capital investment and economic growth by using China's provincial panel data from 1999 to 2016. The robustness test of endogenous and interactive term regression confirms our results. We found that individual health investment has the greatest impact on economic growth. Therefore, China's health strategy is consistent with the policy of economic growth. China should further expand health investment and optimize the structure of health investment to promote its economic growth.

Keywords: health human capital; health investment; economic growth (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://techniumscience.com/index.php/socialsciences/article/download/707/273 (application/pdf)
https://techniumscience.com/index.php/socialsciences/article/view/707/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tec:journl:v:8:y:2020:i:1:p:229-248

Access Statistics for this article

Technium Social Sciences Journal is currently edited by Tasente Tanase

More articles in Technium Social Sciences Journal from Technium Science
Bibliographic data for series maintained by Tasente Tanase ().