Hassan, Gazi; Cooray, Arusha; Holmes, Mark
Adopting a production function-based approach, we model the role of health as a regular factor of production on economic growth, and use disaggregate measures of male and female health capital using principal component analysis. Allowing for the dynamics of TFP to be embedded in the production function, we estimate both in levels and in growth rates to distinguish between long- and short-run effects. We use appropriate panel cointegration methodology to control for endogeneity, cross-sectional...[Show more]
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