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Causal nexus between health and economic development: Evidence among OIC high-income economies

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dc.FundingDetailsMinistry of Higher Education, Malaysia
dc.FundingDetailsThe authors wish to thank the Ministry of Education, Malaysia for supporting this research under the Fundamental Research Grant Scheme (FRGS). Research Code: FRGS/1/2013/SS07/USIM/02/2 and USIM/ FRGS/FEM/32/51013.
dc.contributor.affiliationsFaculty of Economics and Muamalat
dc.contributor.affiliationsUniversiti Sains Islam Malaysia (USIM)
dc.contributor.affiliationsUniversiti Kebangsaan Malaysia (UKM)
dc.contributor.authorKefeli Z.en_US
dc.contributor.authorZaidi M.A.S.en_US
dc.contributor.authorWahab A.A.O.A.en_US
dc.date.accessioned2024-05-28T08:31:53Z
dc.date.available2024-05-28T08:31:53Z
dc.date.issued2018
dc.description.abstractThe effects of health on economic development have been discussed in depth in the literature. Most of the findings have shown that the economic performance of a country can be enhanced by improving the health of the citizens. This paper investigates the causal link between health and economic development of high-income economies of selected OIC countries. Since these countries also have high expenditure on health in comparison with other OIC countries, the findings would give some indication of the importance of having high spending in health for the economic wellbeing of a country. The Toda-Yamamoto Granger non-causality model was used on data spanning from 1970 to 2015, and the results showed mixed causal relationships. Specifically, some countries like Bahrain and Kuwait have a health condition that boosts economic development, while Saudi Arabia experiences the opposite effect. However, health and economic development have bidirectional causality in the United Arab Emirates, while Brunei, Oman and Qatar do not show any causal direction between health and economic development. The findings give some evidence of the importance of health on economic prosperity without disregarding the fact that economic development is also important for good health. � Universiti Putra Malaysia Press.en_US
dc.description.natureFinalen_US
dc.identifier.epage734
dc.identifier.issn1287702
dc.identifier.issue2
dc.identifier.scopus2-s2.0-85049311776
dc.identifier.spage717
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85049311776&partnerID=40&md5=af7353b52bdda31b7ccc77cb3e295fb5
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/9000
dc.identifier.volume26
dc.languageEnglish
dc.language.isoen_USen_US
dc.publisherUniversiti Putra Malaysiaen_US
dc.relation.ispartofPertanika Journal of Social Sciences and Humanitiesen_US
dc.sourceScopus
dc.subjectEconomic developmenten_US
dc.subjectHealthen_US
dc.subjectHigh-income economiesen_US
dc.subjectI15en_US
dc.subjectO57en_US
dc.subjectOIC JEL classification: H51en_US
dc.titleCausal nexus between health and economic development: Evidence among OIC high-income economiesen_US
dc.typeArticleen_US
dspace.entity.typePublication

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