Generation of Health and Its Effect on the Female Labour Market and Economic Development: A Theoretical and Empirical Review

Abstract

This paper focuses on health as a factor determining the effective labour force of an economy. Health promotes the growth of the economy under full employment conditions in the long run. Long-term health issues stagnate the development of a country by undermining economic growth as well as the wellbeing of individuals. However, access to health is often gendered biased. Therefore, this paper provides a theoretical framework where the theory of endogenous growth has been used to discuss how the growth rate of an economy is influenced by health factors in the short-run and long-run through female labour employment with the increased access to health resources, thus leading to women empowerment. Finally, a panel data regression analysis has been performed to study the correlation among these variables. This shows that health improvement can serve the two-fold purpose of women economic empowerment and overall development of the economy.

Presenters

Shonal Rath
Student, Research, Ministry of Social Justice and Empowerment, Haryana, India

Details

Presentation Type

Paper Presentation in a Themed Session

Theme

2021 Special Focus—Advancing Health and Equity: Best Practices in an International Perspective

KEYWORDS

Female Labor Supply, Education, Health, Economic Growth, Endogenous Growth, Panel