Investment in Health and Economic Inclusion of South Eastern European Countries
Investment in Health and Economic Inclusion of South Eastern European Countries

Summary/Abstract: Contrary to the well-recognized and studied causality running from economic growth to health, this study presents evidence of the reverse causation – from health to economic growth. The study tries to analyze the processes and connections that trigger the relationship between investment in health and the achievement of economic growth. This paper goes through a review and an analysis of the effects that health investment has on economic growth and the economic rationale for investing in health. The focus of this research paper is finding out how better health serves as a predictor of economic growth and the degree to which economic growth is explained by health expenditures in South Eastern European countries. Regression analysis, used in identifying the relation between health expenditure per capita and GDP per capita for SEE countries are based in the data of World Bank for years 2000-2011. Based on the findings, there exist a strong relationship between investment in health and economic growth in all SEE countries.

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