Does insured healthcare affect economic growth in India? An application of co-integration approach Online publication date: Tue, 02-May-2023
by Tushinder Preet Kaur; Pooja Kansra
World Review of Entrepreneurship, Management and Sustainable Development (WREMSD), Vol. 19, No. 3/4/5, 2023
Abstract: The present paper has explored the association between health insurance and GDP in India using co-integration approach. This technique has investigated relationship between the health insurance, GDP per-capita, organised employment and claim ratio for the period of 2001-2018. The resulting co-integrating vectors clearly depicts that health insurance and GDP per capita are associated with each other in long run. Further, the increase in organised employment and improvement in claim ratio have positive impact on health insurance. The study also finds long-run relationship between per capita income and health insurance. It has been found that with the rise in GDP per capita income, the health insurance premium is found to be rising. This result associates that as the basic needs of the individuals are satisfied then their orientation towards secondary needs, i.e. financing of health, education and housing etc. increases.
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