Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/245778 
Year of Publication: 
2021
Series/Report no.: 
IZA Discussion Papers No. 14727
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
We examine the relationship between wealth and health through prominent growth indicators and cognitive ability. Cognitive ability is represented by nutritional status. The proxy variable for nutritional status is BMI. We use the reduced form equation in the cubic specification of time preference rate, strongly related to cognitive ability, to estimate this relationship. The growth indicators utilized are GDP per capita, schooling, overall and manufacturing productivities, and savings. We estimate our models using the FE, GMM estimators, and long difference OLS and IV estimation through balanced panel data for the 1980-2009 period. We conclude that the relationship between all prominent growth indicators and BMI is inverse U-shaped. In other words, cognitive ability has a significant potential to progress growth and economic development only in a healthy status.
Subjects: 
cognitive ability
time preference rate
BMI
productivity
health
schooling
growth
economic development
JEL: 
E21
I15
I25
J24
O11
Q18
Document Type: 
Working Paper

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