The Long-Term Impact of Health on Economic Growth in Tajikistan

Abstract

The paper studies the long-term impact of health human capital on economic growth in Tajikistan during the period 1991 to 2015. The time series analysis with the implication of the Augmented Dickey-Fuller (ADF) test, Johansen co-integration technique, and Vector Error Correction Model (VECM) was conducted in order to ascertain the hypothesis and reach the objective of the paper. The results of the study reaffirmed previous studies on significance of health human capital on economic growth in the long run. Health indicators such as infant mortality, public health expenditure, and fertility rate have shown the significant impact on economic growth in Tajikistan. However, the study revealed that life expectancy does not have any significant effect.