It is the mood disorder that causes a persistent feeling of sadness and loss of interest and can interfere with your daily functioning. It is characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily life. According to the source of the data, depression is one of the important contributors of mental disorders among people in any class of economies. Depression rate is the percentage of people out of total population suffering from that particular disease.
Published in Chapter:
Depression Rate, GDP Growth Rate, Health Expenditure, and Voice and Accountability: Are There Co-Movements?
Ramesh Chandra Das (Vidyasagar University, India) and Amit Chatterjee (MIT World Peace University, India)
Copyright: © 2020
|Pages: 21
DOI: 10.4018/978-1-7998-2329-2.ch007
Abstract
Existing studies on mental disorder reveal that, besides biological factors, major socioeconomic factors are responsible behind the ever-increasing prevalence of the part of population suffering from mental depression. The present study investigates whether depression rate has long run co-movements with growth of per capita GDP, health expenditure, and voice and accountability of the citizens for individuals as well as panels of four countries, USA, China, India, and Bangladesh, for the period 1995 to 2016. Using cointegration, error correction, and causality testing, the study observes that individual countries do not produce acceptable and robust results, but the panel data results produce long run relations among the four endogenous variables. The Wald test results show that all the two lagged values of depression rate, growth rate, health expenditure and voice and accountability are causing depression in the current period.