ECON 313 Lecture 16: ECON 313 Topic 5 - Part 2
13 Apr 2018
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Introduction: positive relationship between health and productivity, positive relationship between education and health, greater health may improve returns to investments in education, greater education may improve the returns to investments in health. Effect of improved health on economic growth: from world development report (1993), (cid:862) edu(cid:272)es produ(cid:272)tion losses by worker illness, permits use of natural resources that had been totally or nearly inaccessible because of disease. So investment in health can be utilized as a macroeconomic policy: (cid:862)despite rapid e(cid:272)o(cid:374)o(cid:373)i(cid:272) gro(cid:449)th, o(cid:448)er a (cid:271)illio(cid:374) hu(cid:373)a(cid:374)s still e(cid:454)ist i(cid:374) absolute, degrading, poverty. Because ill-health traps people in poverty, sustained investment in the health of the poor could provide a poli(cid:272)(cid:455) le(cid:448)er for alle(cid:448)iati(cid:374)g persiste(cid:374)t po(cid:448)ert(cid:455). (cid:863) The epidemiological transition: the worldwide improvement of health over the last century is widespread and known as the epidemiological transition, medical breakthroughs, antibiotics, pesticides, world health organization (who) Increase in average life expectancy: higher life expectancy in rich countries, convergence between countries.
