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Exploring the Synergistic Impact of Healthcare and Education Investments on Sustainable Economic Development: A Study
Dan Zhang1, Li Xue2, Jingyi Sun2
1Business School, Ji Yang College of Zhejiang A&F University, Zhejiang, China. zjycinternational@zafu.edu.cn.
Summary
Investing in public health and education together drives sustainable economic development (SED) in developing nations. Coordinated investments enhance healthcare, reduce disease, and improve mental health, fostering inclusive growth.
Area of Science:
- Public Health
- Economics
- Development Studies
Background:
- Public health and education investments are typically analyzed separately.
- Both sectors are crucial for Sustainable Economic Development (SED) in developing countries.
- An integrated policy framework is needed to understand their complementary roles.
Purpose of the Study:
- To investigate the synergistic relationship between health and education investments.
- To examine how these combined investments impact Sustainable Economic Development (SED).
- To provide evidence for integrated policy-making in low- and middle-income countries.
Main Methods:
- Mixed-method approach combining quantitative and qualitative data.
- Quantitative analysis using Partial Least Squares Structural Equation Modeling (PLS-SEM) with 465 questionnaire responses.
- Qualitative analysis through 96 semi-structured interviews for contextualization.
Main Results:
- Healthcare infrastructure, health and education investments, disease reduction, and mental health services positively correlate with SED.
- Coordinated public investment shows a statistically significant relationship with SED.
- Explained variance (R² = 0.100) indicates a moderate but meaningful contribution within the institutional context.
Conclusions:
- Cross-sectoral modeling with qualitative findings offers a holistic view of human capital investment and development outcomes.
- Integrated policies between health and education sectors are recommended for inclusive and sustainable development.
- Findings support a unified approach to human capital development for enhanced economic progress in developing nations.
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