Spending for the Better: A Regression Analysis on how Mental Health Expenditures Can Improve GDP per capita
DOI:
https://doi.org/10.58445/rars.251Keywords:
Statistical Analysis, Mental Health, GDPAbstract
This research will identify whether government intervention through expenditure on mental health resources is a potential solution to improving labor productivity. By running a multiple linear regression, this study will investigate the relationship between federal mental health expenditures worldwide and subsequent countries’ GDP per capita as a proxy for productivity. We expect as mental health expenditure increases, individual productivity, and labor output will increase.
References
Council of Economic Advisors. “Reducing the Economic Burden of Unmet Mental Health Needs.” The White House, 17 June 2022, www.whitehouse.gov/cea/written-materials/2022/05/31/reducing-the-economic-burden-of-unmet-mental-health-needs/
Lancet Global Authors. “Mental Health Matters - the Lancet Global Health.” The Lancet Global Health, Nov. 2020, www.thelancet.com/journals/langlo/article/PIIS2214-109X(20)30432-0/fulltext?)
Trautmann, Sebastian, et al. “The Economic Costs of Mental Disorders: Do Our Societies React Appropriately to the Burden of Mental Disorders?” EMBO Reports, Sept. 2016, www.ncbi.nlm.nih.gov/pmc/articles/PMC5007565/
Bartram, Mary. “Making the Most of the Federal Investment of $5 Billion for Mental Health.” CMAJ : Canadian Medical Association Journal = Journal de l’Association Medicale Canadienne, 6 Nov. 2017, www.ncbi.nlm.nih.gov/pmc/articles/PMC5675542/#:~:text=3.1%20billion%20dollars%20are%20needed,million%20per%20year%20on%20average
NIMH. “Mental Illness.” National Institute of Mental Health, Mar. 2023, www.nimh.nih.gov/health/statistics/mental-illness#:~:text=Mental%20illnesses%20are%20common%20in,mild%20to%20moderate%20to%20severe
Greenberg, Paul, et al. “The Economic Burden of Adults with Major Depressive Disorder in the United States (2005 and 2010).” The Journal of Clinical Psychiatry, Feb. 2015, pubmed.ncbi.nlm.nih.gov/25742202/
WHO. “Government Expenditures on Mental Health as a Percentage of Total Government Expenditures on Health (%).” World Health Organization, Oct. 2013, www.who.int/data/gho/data/indicators/indicator-details/GHO/government-expenditures-on-mental-health-as-a-percentage-of-total-government-expenditures-on-health-(-)
The World Bank. “GDP per Capita (Current US$).” World Bank Open Data, 2022, data.worldbank.org/indicator/NY.GDP.PCAP.CD.
Rajkumar, Ravi P. “The Correlates of Government Expenditure on Mental Health Services: An Analysis of Data from 78 Countries and Regions.” Cureus, 22 Aug. 2022, www.ncbi.nlm.nih.gov/pmc/articles/PMC9400922/
Layard, Richard. “The Economics of Mental Health.” IZA World of Labor, 10 Jan. 2017, wol.iza.org/articles/economics-of-mental-health/long
Downloads
Posted
Categories
License
Copyright (c) 2023 Elizabeth Zhang
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.