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...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Penerbit Universiti Kebangsaan Malaysia
2019
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| Online Access: | http://journalarticle.ukm.my/14121/ http://journalarticle.ukm.my/14121/1/jeko_53%282%29-7.pdf |
| _version_ | 1848813467168931840 |
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| author | Isreal, Akingba Idowu Opeoluwa Shivee Ranjanee Kaliappan, Hanny Zurina Hamzah, |
| author_facet | Isreal, Akingba Idowu Opeoluwa Shivee Ranjanee Kaliappan, Hanny Zurina Hamzah, |
| author_sort | Isreal, Akingba Idowu Opeoluwa |
| building | UKM Institutional Repository |
| collection | Online Access |
| 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. |
| first_indexed | 2025-11-15T00:18:39Z |
| format | Article |
| id | oai:generic.eprints.org:14121 |
| institution | Universiti Kebangasaan Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T00:18:39Z |
| publishDate | 2019 |
| publisher | Penerbit Universiti Kebangsaan Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | oai:generic.eprints.org: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 |
| spellingShingle | Isreal, Akingba Idowu Opeoluwa Shivee Ranjanee Kaliappan, Hanny Zurina Hamzah, Impact of health capital on total factor productivity in Singapore |
| title | 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_short | Impact of health capital on total factor productivity in Singapore |
| title_sort | impact of health capital on total factor productivity in singapore |
| url | http://journalarticle.ukm.my/14121/ http://journalarticle.ukm.my/14121/ http://journalarticle.ukm.my/14121/1/jeko_53%282%29-7.pdf |