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Impact of health capital on total factor productivity in Singapore

The significance of health capital as a major determinant of economic growth and productivity was highlighted through the work by Jeremy Bentham (1780). In subsequent era, economists likewise acknowledged that individual and population health could be one of the important determinant of productivity...

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Main Authors: Isreal, Akingba Idowu Opeoluwa, Shivee Ranjanee Kaliappan,, Hanny Zurina Hamzah,
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2019
Online Access:http://journalarticle.ukm.my/14121/1/jeko_53%282%29-7.pdf
http://journalarticle.ukm.my/14121/
http://www.ukm.my/fep/jem/content/2019-2.html
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spelling my-ukm.journal.141212020-02-06T13:38:08Z http://journalarticle.ukm.my/14121/ Impact of health capital on total factor productivity in Singapore Isreal, Akingba Idowu Opeoluwa Shivee Ranjanee Kaliappan, Hanny Zurina Hamzah, The significance of health capital as a major determinant of economic growth and productivity was highlighted through the work by Jeremy Bentham (1780). In subsequent era, economists likewise acknowledged that individual and population health could be one of the important determinant of productivity and economic growth. This paper examines the impact of health capital on multi-factor productivity (hence TFP) in Singapore covering the period of 1980-2013. The finding from the Autoregressive Distributed Lag (ARDL) bound test shows that there is stable and long run co -integration between TFP, health capital, and education. The long run estimate shows that health capital and education makes a positive and substantial contribution to TFP. This indicates that the TFP of Singapore could be substantially improved if spending on health capital and education are increased accordingly. Penerbit Universiti Kebangsaan Malaysia 2019 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/14121/1/jeko_53%282%29-7.pdf Isreal, Akingba Idowu Opeoluwa and Shivee Ranjanee Kaliappan, and Hanny Zurina Hamzah, (2019) Impact of health capital on total factor productivity in Singapore. Jurnal Ekonomi Malaysia, 53 (2). pp. 1-17. ISSN 0127-1962 http://www.ukm.my/fep/jem/content/2019-2.html
institution Universiti Kebangsaan Malaysia
building Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description The significance of health capital as a major determinant of economic growth and productivity was highlighted through the work by Jeremy Bentham (1780). In subsequent era, economists likewise acknowledged that individual and population health could be one of the important determinant of productivity and economic growth. This paper examines the impact of health capital on multi-factor productivity (hence TFP) in Singapore covering the period of 1980-2013. The finding from the Autoregressive Distributed Lag (ARDL) bound test shows that there is stable and long run co -integration between TFP, health capital, and education. The long run estimate shows that health capital and education makes a positive and substantial contribution to TFP. This indicates that the TFP of Singapore could be substantially improved if spending on health capital and education are increased accordingly.
format Article
author Isreal, Akingba Idowu Opeoluwa
Shivee Ranjanee Kaliappan,
Hanny Zurina Hamzah,
spellingShingle Isreal, Akingba Idowu Opeoluwa
Shivee Ranjanee Kaliappan,
Hanny Zurina Hamzah,
Impact of health capital on total factor productivity in Singapore
author_facet Isreal, Akingba Idowu Opeoluwa
Shivee Ranjanee Kaliappan,
Hanny Zurina Hamzah,
author_sort Isreal, Akingba Idowu Opeoluwa
title Impact of health capital on total factor productivity in Singapore
title_short Impact of health capital on total factor productivity in Singapore
title_full Impact of health capital on total factor productivity in Singapore
title_fullStr Impact of health capital on total factor productivity in Singapore
title_full_unstemmed Impact of health capital on total factor productivity in Singapore
title_sort impact of health capital on total factor productivity in singapore
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2019
url http://journalarticle.ukm.my/14121/1/jeko_53%282%29-7.pdf
http://journalarticle.ukm.my/14121/
http://www.ukm.my/fep/jem/content/2019-2.html
_version_ 1662755925253947392
score 13.211869

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