Health and economic growth in Vista countries: An ARDL bounds test approach

Khobai, Hlalefang and Mbeki, Zizipho Mihlali (2018): Health and economic growth in Vista countries: An ARDL bounds test approach.

Abstract

The present study examined the relationship between health and economic growth in the VISTA countries (Vietnam, Indonesia, South Africa, Turkey and Argentina). The study employed time series data covering the period between 1990 and 2016. Labor and capital were incorporated in the model to form a multivariate framework. The ARDL bounds test approach was used to determine the presence of the long run relationship among the variables. The findings posited that there is long run relationship between economic growth, health, capital and labour in all the countries except for Argentina. There were mix results in terms of the long run and short estimates. It was established that in Vietnam, Indonesia and South Africa, there is evidence of a long run positive and significant relationship between economic growth and health while in Turkey a negative relationship was established. Therefore, the findings of the study have different implications for the different countries.

• Item Type: MPRA Paper
• Language: English
• Keywords: Health; Economic growth; ARDL model; Vista countries
• Subjects: C - Mathematical and Quantitative Methods > C0 - General > C01 - Econometrics; C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General; C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C18 - Methodological Issues: General; I - Health, Education, and Welfare > I0 - General; I - Health, Education, and Welfare > I1 - Health; I - Health, Education, and Welfare > I1 - Health > I10 - General; I - Health, Education, and Welfare > I1 - Health > I15 - Health and Economic Development

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