This paper uses Johansen multivariate cointegration analysis to examine the relationship between health and GDP for 13 OECD countries over the last two centuries, for periods ranging from 1820-2001 to 1921-2001. A similar, long run, cointegrating relationship between life expectancy and both total GDP and GDP per capita was found for all the countries estimated. The relationships have a signifi...

Article history: Received 5 October 2013 Received in revised form 25 March 2015 Accepted 7 April 2015 Available online 14 April 2015 In this paper, we show that in the proposedmodels for economic growth, thefinancial systemvariables are generally nonparametric. We, thus, use a nonparametric panel data model to estimate the financial system–economic growth relationship. Our results suggest that ...

in this paper, the importance of environmental degradation costs in national accounts is discussed, empirical studies having been considered by politician and economic planners before. the importance of a determination of relationship between economic growth vs. openness to trade is also discussed. the main objective followed in an investigation of the relationship between trade openness, green...

In the last twenty years, the world has experienced a surge in technological innovation which has contributed to economic growth around the globe. Surprisingly, the Middle East is one of the fastest growing regions in the world. Despite its long history of conflict, war, and government instability, this region has experienced an average GDP growth rate of 4.49%, compared with the average world ...

This paper will analyse the relationship between interest rate, income, GDP growth and house prices. First, the control power of interest rate for the prices is limited. Second, people’s income increases, thus that also increases the demand for housing. But house prices are too high and will cause buying pressure. Third, the real estate industry’s growth and GDP growth have inseparable relation...

The main aim of this article is to explore determinants of life expectancy at birth among 28 European Union countries. Selected variables namely, gross domestic product (GDP) growth rate, population growth rate, level of education attained, education enrolment, GDP per capita and life expectancy have been considered for abovementioned countries in the period from 2001 to 2011 on a yearly basis ...

Development debates have been greatly influenced by the growth consensus: the conventional wisdom that economic growth should be the primary priority for less-developed countries (LDCs) because it most effectively improves the well-being of the world’s poor. We compare the impact of growth to other independent variables in an unbalanced panel analysis of up to 109 LDCs and 580 observations acro...