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Causal Nexus between Health and Economic Development: Evidence among OIC High-Income Economies

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dc.contributor.authorKefeli, Zen_US
dc.contributor.authorZaidi, MASen_US
dc.contributor.authorWahab, AAOAen_US
dc.date.accessioned2024-05-29T02:55:02Z
dc.date.available2024-05-29T02:55:02Z
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.en_US
dc.identifier.epage733
dc.identifier.isbn2231-8534
dc.identifier.issn0128-7702
dc.identifier.issue2
dc.identifier.scopusWOS:000456097100010
dc.identifier.spage717
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/11504
dc.identifier.volume26
dc.languageEnglish
dc.language.isoen_USen_US
dc.publisherUniv Putra Malaysia Pressen_US
dc.relation.ispartofPertanika Journal Of Social Science And Humanitiesen_US
dc.sourceWeb Of Science (ISI)
dc.subjectEconomic developmenten_US
dc.subjecthealthen_US
dc.subjecthigh-income economiesen_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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