Wed, Aug 10, 2022
Volume 21, Issue 3 (May - June 2022)                   Payesh 2022, 21(3): 273-285 | Back to browse issues page

Ethics code: -

XML Persian Abstract Print

Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

mirshafiee A, Shahrestani H, Memarnezhad A, ghaffari F. Inflation Uncertainty and Health. Payesh. 2022; 21 (3) :273-285
1- Science and Research branch, Islamic Azad University, Tehran, Iran
Abstract:   (124 Views)
Objective (s): Consumption expenses and unemployment can be considered as macroeconomic indicators that affect in health. Therefore, considering the inflationary conditions and its fluctuation which leads to uncertainty in the economy, the purpose of this study was to investigate the effects of inflation fluctuation on consumption and unemployment as key indicators in public’s health.
Methods: In this study, the fluctuation and uncertainty of inflation was estimated using Stochastic Differential Equation (SDE). For surveying the shocks of inflation fluctuation on consumption and unemployment, the impulse respond (IR) that is so useful in structural Vector Auto Regressive (SVAR) models were used. The source of quarterly data was Statistical Center of Iran (S.C.I) from 2001 to 2020.
Results: The results indicated the fluctuation of inflation was effective and meaningful on unemployment by 0.04 and consumption by (-0073).
Conclusion: Based on these two indicators, it can be concluded that inflation fluctuation reduces health in the community.
Full-Text [PDF 576 kb]   (63 Downloads)    
type of study: Research | Subject: Comparative research
Received: 2021/11/21 | Accepted: 2022/05/9 | ePublished ahead of print: 2022/06/11 | Published: 2022/07/19

1. World Health Organization, World Health Statistics;; 2021
2. Gerdtham Ulf-G, Johannesson M. A Note on the Effect of Employment on Mortality. Journal of Health Economics 2003; 22: 505-518 [DOI:10.1016/S0167-6296(03)00004-3]
3. Barfar E, Faramarzi A, Khanijahani A, Alizadeh S, Ashrafi A. Investigation of the Relationship between Health and Economic Indicators in Selected Countries, 2004-2011. Sadra Medical Journal 2014; 2:349-360 [Persian]
4. Panahi H, Aleemran S A. Study of the Causality between Unemployment and Health. Iran Occupational Health Journal 2016; 13: 81-89 [Persian]
5. Monsef A, Shahmoradi Mehrjardi A. Effect of Unemployment on Health Capital. Iranian Economic Review 2018; 22:1016-1033
6. Norström F, Waenerlund A, Lindholm L, Nygren R, Sahlén K, Brydsten A. Does unemployment contribute to poorer health-related quality of life among Swedish adults?. PMC Public Health 2019; 457; 19-31 [DOI:10.1186/s12889-019-6825-y]
7. Asgari H, Badpa B. The Effects of Public and Private Health Care Expenditure on Health Status in Iran. Journal of Ilam University of Medical Sciences 2015; 23: 36-46 [Persian]
8. Rezapour A, Mousavi A, Lotfi F, Soleimani Movahed M, Alipour S. The Effects of Health Expenditure on Health Outcomes Based on the Classification of Public Health Expenditure: A Panel Data Approach. Shiraz e-Medical Journal 2019; 20: 12; doi: 10.5812/semj.88526. [DOI:10.5812/semj.88526]
9. Anyanwu CJ, Erhijakpor EOA. Health Expenditures and Health Outcomes in Africa. African Development Bank: Economic Research Working Paper Series 2007; 91: 11-7
10. Ettner S L. Measuring the human cost of a weak economy: does unemployment lead to alcohol abuse?. Social Science & Medicine 1997; 44: 251-60 [DOI:10.1016/S0277-9536(96)00160-8]
11. Bekaert G, Hoerova M & Lo Duca M. Risk, Uncertainty and Monetary Policy. Journal of Monetary Economics 2013; 60: 771-788 [DOI:10.1016/j.jmoneco.2013.06.003]
12. Villagómez A. Consumption-savings, Interest Rates and Inflation in less Developed Countries: an Error Correction Model. Economía financiera contemporánea 1992;
13. Quadrado L, Lopez - Bazo E. Macroeconomic Variables & Regional Welfare: An Application to the Spanish Regions. Paper Presented to the 36th European Congress of European Regional Science Association 1996 Zurich, Switzerland.
14. Koskela K, Viinamaki H, Kontula O. The Effects of Unemployment on Unemployment and Psychological Well-being. Social Welfare Quarterly 2001; 1: 65-88 [Persian]
15. Savojipour S, Assari Arani A, Agheli L, Hassanzadeh A. The Determinants of Urban Families' Health Expenditure 2018; 10:25-52 [Persian] [DOI:10.29252/jep.10.18.25]
16. Pakdaman M, Askari R, Jambarsang S, Ranjbar M, Ameli E. The Effect of Health Expenditure on Human Development Index (HDI) In Iran, 2001- 2014. QOM University of Medical Sciences Journal 2019; 1326-33 [Persian] [DOI:10.29252/qums.13.10.26]
17. Wilson S H, Walker G M. Unemployment and Health: A Review. The Society of Public Health 1993; 107: 153-162 [DOI:10.1016/S0033-3506(05)80436-6]
18. Kohn M L, Schooler C, Miller J. Work and Personality: An Inquiry into the Impact of Social Stratification. 1st Edition: USA, 1983
19. Golkhandan A. Long -Term Impact of Economic Misery on the Life Expectancy in Iran. Health Research Journal 2019; 4: 104-111 [Persian] [DOI:10.29252/hrjbaq.4.2.104]
20. Tavakol M. Social Health: Dimensions, Components, and Indicators in Iranian and World Studies. Journal of Bioethics 2015; 4: 115-135
21. Allen E. Modeling with Ito stochastic differential equation. 1st Edition, University of Texas: USA, 2007
22. Postali F, Picchetti P. Geometric Brownian motion and Structural Breaks in Oil Prices: a Quantitative Analysis. Energy Economics 2007; 28; 506-522 [DOI:10.1016/j.eneco.2006.02.011]
23. Rezazadeh A. Relationship between Inflation, Inflation Uncertainty and Economic Growth in Iran: Markov- Switching Approach. Journal of Iranian Economic Issues 2020; 6: 37-66 [Persian]
24. Gholami A, Komijani A. Inflation; Inflation Uncertainty; Investment Growth and Economic Growth in Iran. Iranian Journal of Applied Economics 2011; 1:1-25 [Persian]
25. Rahmana M U, Asghar N, & Hussain J. Are Disaggregate Industrial Returns Sensitive to Economic Policy Uncertainty. 2019; 527; 121-301 [DOI:10.1016/j.physa.2019.121301]
26. Hosseinipour S M R. Causality Assessment among Budget Deficit, Money Supply and Inflation Rate in Iran. Journal of the Macro and Strategic Policies 2018; 6; 21; 93-109 [Persian]
27. Mehrara M, Fazaeli AA, Fazaeli AA. Health Finance Equity in Iran: an Analysis of Household Survey Data (2007-2008) 2010; 13; 51-62 [Persian]
28. Heydarpour A, Pourshahabi F. Explaining the Effects of Economic Uncertainty on Macroeconomic Variables (Case study: Iran). Majlis & Rahbord 2012; 19: 125-148 [Persian]

Add your comments about this article : Your username or Email:

Send email to the article author

Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

© 2022 All Rights Reserved | Payesh (Health Monitor)

Designed & Developed by : Yektaweb