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Health investment and economic output in regional China

Research output: Contribution to Journal/MagazineJournal articlepeer-review

Published
<mark>Journal publication date</mark>2014
<mark>Journal</mark>Contemporary Economic Policy
Issue number2
Volume32
Number of pages14
Pages (from-to)261-274
Publication StatusPublished
Early online date23/06/13
<mark>Original language</mark>English

Abstract

Using a 29-year (1978–2006) panel of provincial-level data from China, this article investigates the role of health capital in a human capital model of economic output. Robust evidence is found through panel cointegration analysis that health capital has a significant and positive effect on the Gross Regional Product in China; the effect being stronger in the inland regions compared to the coastal areas based on estimates that account for regional heterogeneity. This article highlights and discusses the potential role of diminishing returns to health investment in this globally important area.