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Does the cointegrated relationship between real GDP and health policy under the impact of globalization? ¡X The cross national evidence

The relationship between health and globalization may be constructed on improving public health through the flow of personnel, the import of medication, the quality improvement of drinking water, the utility of new medical technology, and the use of new medication on patients. Some scholars have pointed out that globalization may affect life expectancy from four aspects as income, education, nutrition, and public health. Unlike the existing literature primarily focuses on the correlation between health expenditure and GDP (gross domestic product), we examine to see whether a cointegration relationship between GDP and health expenditure exists under the impact of globalization by applying the panel cointegration test of Pedroni (1999, 2004) which allows heterogeneous data analysis and the Fully Modified OLS test. This paper mainly conducts a cross-continental comparison by using the data in the period from 1995 to 2004 of an estimate sample of 87 developing countries which consists of 12 European countries, 21 Central and South American countries, 20 Asian countries, and 34 African countries. The result shows that the existence of a cointegration relationship between GDP and health expenditure in both the overall developing countries and the cross-continental sample countries. Generally, investment of health and a fast pace of globalization progress boost GDP; especially in Europe and Asia, globalization is a very important factor in influencing the effectiveness of health expenditure upon GDP. In central and south America, the effect of globalization on the effectiveness of GDP to health expenditure is the most significant. The findings of this paper offer future researchers a different aspect for viewing and studying the correlation between health expenditure and GDP.

Identiferoai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0810110-173851
Date10 August 2010
CreatorsLin, Yi-chieh
ContributorsChun-chieh Wang, Chun-Ping Chang, Chyi-Lu Jang, Lee, Chien Chiang
PublisherNSYSU
Source SetsNSYSU Electronic Thesis and Dissertation Archive
LanguageCholon
Detected LanguageEnglish
Typetext
Formatapplication/pdf
Sourcehttp://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0810110-173851
Rightsnot_available, Copyright information available at source archive

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