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Impact of life expectancy on economics growth and health care expenditures in Bangladesh
journal contributionposted on 21.01.2020, 00:00 by RA Mahumud, G Hossain, R Hossain, N Islam, Lal Rawal
Life expectancy is one of the major key indicators of population health condition and economic development of a country. The main objective of this study was to find determine the impact of the life expectancy on changes of economic growth and health care expenditure, and also to find examine the sex difference trend of life expectancy according to the sex difference. Using We used multiple regression models are fitted to estimate the impact of the life expectancy on economic growth and health care expenditure and also to estimate elasticity of life expectancy on health care expenditure and economic growth. Results shows female life expectancy was more than male over the past 15 years. The higher Gross Domestic Product (GDP) per capita was seen in a longer life expectancy. i.e., one dollar increasing in GDP per capita will change in an average the life expectancy by 33 days, and also one unit increase in per person Health Expenditure Per Capita (HEPC) will increase the life expectancy in an average of 8 days in a year. one dollar increasing in GDP per capita by 33 days will also increase life expectancy, for Health Expenditure Per Capita (HEPC), by 8 days by one year on average. The higher proportion of total expenditure on health as a percentage of GDP and direct personal expenditure on health by household as a share of private expenditure on health results in also longer life span. The study has some policy implications for Bangladesh, we conclude that the increased life expectancy has direct impact on increase in per capita real income and higher expenditure on health., population planning and equity for health important for life expectancy. This study has policy implications for Bangladesh, in particular the needs for increased per capita real income and planning for future health and population policies/programs. Therefore, political stability, adequate and suitable social sector policies and government interventions are required to increase life expectancy and economic growth. There is also a need for involvement of health human force in macro and micro policy-makings and critically examine other determinant of health care expenditure.