Economics of Health Human Capital in Jammu and Kashmir
In this paper an attempt has been made to estimate and analysis the growth and performance of the human capital in Jammu and Kashmir. Given different components of the human capital only health human capital is estimated and analyzed. The health human capital as a proxy variable for human capital is analyzed for inputs and outputs. The proxy variables included total expenditure on health, health expenditure as percentage share of total expenditure and GSDP, quality variables like institutional availability and man power, medical attention received, life expectancy average, mortality rates by sex and residence, birth and death rates, natural growth rates, child mortality, total fertility. Both econometrics and non-econometrics methods were used for estimation. The study concludes that health human capital has increased in the state over time but pace and acceleration was low. Following the findings the study recommends the attention of government to increase the standard of health in Jammu and Kashmir. Substantial amount of government budgetary allocation should be directed towards the health sector and minimization of gap of urban rural access to health care is strongly recommended by increasing infrastructure. Â Last but not least the availability of institutions and increase in the man power engaged in health sector must be increased.
Ahluwalia, Montek S (2000), Economic Performance of States in Post-Reforms Period, Economic & Political Weekly, pp. 1637-1648. (Placeholder2)
Amin and Aaditya (2003), â€šHuman Capital and the Changing Structure of the Indian Economyâ€› Policy Research Working Paper 4576, World Bank
Barro, R. J., (1997), Determinants of Economic Growth: A Cross-Country Empirical Study, Cambridge, Mass., and MIT Press.
Benhabib, J. and Spiegel, M. M., (1994), The Role of Human Capital in Economic Development: Evidence from Aggregate Cross-Country Data, Journal of Monetary Economics, 34(2), October, pp. 143-74.
Dreze, Jean and Amratya Sen. (1996), Indian economic development and social opportunityâ€™, Oxford university press, New Delhi
J&K Economic Survey, Directorate of Economics & Statistics, J&K, Issues of 2011-12, 2012-13, 2013-14 and 2014- M15 Vol 1.
Lucas, R. E, (1988), â€˜On the Mechanics of Economic Developmentâ€™, Journal of Monetary Economics, 22, 3-4
Mukherjee A (2007), â€˜Public Expenditure on Education: A Review of Selected Issues and Evidenceâ€™, Working paper from financing Human Development paper 1, National Institute of Public Finance and Policy
Pradhan, B.K (2002) Role of Education in Wage Inequality Change in India: 1988-97â€, National Council of Applied Economic Research, New Delhi.
Pradhan, B K and Shalabh Singh (2004), â€œPolicy Reforms and Financing of Elementary Education in India: A Study of Quality of Service and Outcomeâ€, Working Paper - 93, March 2004, National Council of Applied Economic Research, New Delhi.
Schultz, Theodore W. (1961), â€˜Investment in Human Capital, The American Economic Review, vol. 51(1), pp. 1-17.