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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 Author: Isreal, Akingba Idowu Opeoluwa
Format: Article
Language:English
Published: Universiti Kebangsaan Malaysia 2019
Online Access:http://psasir.upm.edu.my/id/eprint/80163/1/Impact%20of%20Health%20Capital%20on%20Total%20Factor%20Productivity%20in%20Singapore%20.pdf
http://psasir.upm.edu.my/id/eprint/80163/
https://www.google.com/search?client=firefox-b-d&q=Impact+of+Health+Capital+on+Total+Factor+Productivity+in+Singapore
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spelling my.upm.eprints.801632020-09-17T03:44:12Z http://psasir.upm.edu.my/id/eprint/80163/ Impact of health capital on total factor productivity in Singapore Isreal, Akingba Idowu Opeoluwa 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 Universiti Kebangsaan Malaysia 2019 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/80163/1/Impact%20of%20Health%20Capital%20on%20Total%20Factor%20Productivity%20in%20Singapore%20.pdf Isreal, Akingba Idowu Opeoluwa (2019) Impact of health capital on total factor productivity in Singapore. Jurnal Ekonomi Malaysia, 53 (2). pp. 83-98. ISSN 0126-1962; ESSN: 2716-6058 https://www.google.com/search?client=firefox-b-d&q=Impact+of+Health+Capital+on+Total+Factor+Productivity+in+Singapore 10.17576/JEM-2019-5302-7
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.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
spellingShingle Isreal, Akingba Idowu Opeoluwa
Impact of health capital on total factor productivity in Singapore
author_facet Isreal, Akingba Idowu Opeoluwa
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 Universiti Kebangsaan Malaysia
publishDate 2019
url http://psasir.upm.edu.my/id/eprint/80163/1/Impact%20of%20Health%20Capital%20on%20Total%20Factor%20Productivity%20in%20Singapore%20.pdf
http://psasir.upm.edu.my/id/eprint/80163/
https://www.google.com/search?client=firefox-b-d&q=Impact+of+Health+Capital+on+Total+Factor+Productivity+in+Singapore
_version_ 1678594247809302528
score 13.211869

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