Dynamic Linkages between Health and Wealth in the European Union - Theoretical Economics Letters

TEL > Vol.8 No.4, April 2018

Theoretical Economics Letters

Volume 8, Issue 4 (April 2018)

ISSN Print: 2162-2078 ISSN Online: 2162-2086

Google-based Impact Factor: 1.19 Citations h5-index & Ranking

Dynamic Linkages between Health and Wealth in the European Union ()

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DOI: 10.4236/tel.2018.84048 720 Downloads 1,431 Views Citations

Author(s)

George Konteos¹, Constantinos Katrakilidis^2*, Kyriaki Sotiriadou²

Affiliation(s)

¹Department of Business Administration, Western Macedonia University of Applied Sciences, Myrsini, Greece.
²Department of Economics, Aristotle University of Thessaloniki, Thessaloniki, Greece.

ABSTRACT

The relationship of health and wealth has been for long the subject of academic research as well as a hot policy issue. In this paper we examine this relationship using data on infant mortality rate and real GDP per capita for the 28 European Union countries over the period 1960-2012. The long-run and short run dynamics of the relationship are examined through panel co-integration tests, error correction models and Granger causality tests. The empirical analysis reveals the existence of a long-run negative relationship between GDP and infant mortality. In the short-run there are bidirectional causal effects between the two variables. In summary, the two variables affect each other in a spiral way.

KEYWORDS

Infant Mortality Rate, Income, Panel Data Analysis

Share and Cite:

Konteos, G. , Katrakilidis, C. and Sotiriadou, K. (2018) Dynamic Linkages between Health and Wealth in the European Union. Theoretical Economics Letters, 8, 709-719. doi: 10.4236/tel.2018.84048.

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