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 Authors:	Isreal, Akingba Idowu Opeoluwa, Shivee Ranjanee Kaliappan, Hanny Zurina Hamzah
Format:	Article
Language:	English
Published:	Penerbit Universiti Kebangsaan Malaysia 2019
Online Access:	http://journalarticle.ukm.my/14121/ http://journalarticle.ukm.my/14121/ http://journalarticle.ukm.my/14121/1/jeko_53%282%29-7.pdf

id	ukm-14121
recordtype	eprints
spelling	ukm-141212020-02-06T13:38:08Z http://journalarticle.ukm.my/14121/ Impact of health capital on total factor productivity in Singapore Isreal, Akingba Idowu Opeoluwa Shivee Ranjanee Kaliappan, Hanny Zurina Hamzah, 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. Penerbit Universiti Kebangsaan Malaysia 2019 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/14121/1/jeko_53%282%29-7.pdf Isreal, Akingba Idowu Opeoluwa and Shivee Ranjanee Kaliappan, and Hanny Zurina Hamzah, (2019) Impact of health capital on total factor productivity in Singapore. Jurnal Ekonomi Malaysia, 53 (2). pp. 1-17. ISSN 0127-1962 http://www.ukm.my/fep/jem/content/2019-2.html
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
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 Shivee Ranjanee Kaliappan, Hanny Zurina Hamzah,
spellingShingle	Isreal, Akingba Idowu Opeoluwa Shivee Ranjanee Kaliappan, Hanny Zurina Hamzah, Impact of health capital on total factor productivity in Singapore
author_facet	Isreal, Akingba Idowu Opeoluwa Shivee Ranjanee Kaliappan, Hanny Zurina Hamzah,
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	Penerbit Universiti Kebangsaan Malaysia
publishDate	2019
url	http://journalarticle.ukm.my/14121/ http://journalarticle.ukm.my/14121/ http://journalarticle.ukm.my/14121/1/jeko_53%282%29-7.pdf
first_indexed	2023-09-18T20:06:23Z
last_indexed	2023-09-18T20:06:23Z
_version_	1777407186465456128

Impact of health capital on total factor productivity in Singapore

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