The Relationship between National Income and Health: A New Measure Applied to Bangkok

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Clarke, Matthew and Islam, Sardar M. N (2005) The Relationship between National Income and Health: A New Measure Applied to Bangkok. Progress in Development Studies, 5 (3). pp. 182-198. ISSN 1464-9934

Abstract

The importance of good health of a population is crucial when determining social welfare. A new health-adjusted national income indicator that explores the relationships between economic growth, health and social welfare in Bangkok, Thailand from 1975 to 1999 is applied. This new approach to social welfare analysis is based on normative social choice theory, cost-benefit and systems analysis and is called (new)3 welfare economics. This paper argues that traditional measures of welfare, such as national income, fail to reflect accurately the impact of health on social welfare.

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Item type Article
URI https://vuir.vu.edu.au/id/eprint/2714
DOI https://doi.org/10.1191/1464993405ps110oa
Official URL http://pdj.sagepub.com/content/5/3/182.abstract
Subjects Historical > Faculty/School/Research Centre/Department > Centre for Strategic Economic Studies (CSES)
Current > FOR Classification > 1401 Economic Theory
Keywords ResPubID9551, cost–benefit analysis, health, national income, social choice, welfare
Citations in Scopus 1 - View on Scopus
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