The Mind and the Money: Determining How the Mental Health of a Nation Influences its Economic Prosperity

Authors

  • Adrián Serrano Commonweatlh-Parkville School
  • Johnny Lopez

DOI:

https://doi.org/10.47611/jsrhs.v13i1.6356

Keywords:

Mental Health, economy, psychology, psychiatry, healthcare, treatments, cost-effectiveness, work environment

Abstract

The purpose of this investigation is to analyze the relationship between the general mental health of a population and how it can affect the economy of that population's nation. With the severity of mental health being more and more acknowledged in today's world, it is crucial to understand how mental diseases can affect economies in order to properly guide laws and healthcare on the mental health. Through a rigorous electronic search, a total of 10 articles were analyzed closely to investigate this relationship. After weeks of analysis, this study found that there is a considerable influence that the mental health of people can have on their economy, regardless of its size. It is stressed that decision-makers acknowledge the importance of mental health in affecting economies, and act accordingly to provide a better outcome for everyone.

Downloads

Download data is not yet available.

References or Bibliography

Bloom, D. E., Chen, S., & McGovern, M. E. (2018). The economic burden of noncommunicable diseases and mental health conditions: results for Costa Rica, Jamaica, and Peru. Revista Panamericana De Salud Pública (Impresa), 1–8. https://doi.org/10.26633/rpsp.2018.18

Davlasheridze, M., Goetz, S. J., & Han, Y. (2018). The effect of mental health on US County economic growth. Review of Regional Studies, 48(2), 155-171.

Layard, R. (2013). Mental health: the new frontier for labour economics. IZA Journal of Labor Policy, 2(1). https://doi.org/10.1186/2193-9004-2-2

Goetzel, R. Z., Ozminkowski, R. J., Sederer, L. I., & Mark, T. L. (2002). The Business Case for Quality Mental Health Services: Why Employers Should Care About the Mental Health and Well-Being of Their Employees. Journal of Occupational and Environmental Medicine, 44(4), 320–330. https://doi.org/10.1097/00043764-200204000-00012

Knapp, M., Beecham, J., McDaid, D., Matoševic, T., & Smith, M. (2010). The economic consequences of deinstitutionalisation of mental health services: lessons from a systematic review of European experience. Health & Social Care in the Community, no. https://doi.org/10.1111/j.1365-2524.2010.00969.x

Knapp, M., & Wong, G. (2020). Economics and mental health: the current scenario. World Psychiatry, 19(1), 3–14. https://doi.org/10.1002/wps.20692

Sharac, J., McCrone, P., Clément, S., & Thornicroft, G. (2010). The Economic Impact of Mental Health Stigma and Discrimination: A Systematic Review. Epidemiologia E Psichiatria Sociale, 19(3), 223–232. https://doi.org/10.1017/s1121189x00001159

Xu, J., Wang, J., Wimo, A., & Qiu, C. (2016). The economic burden of mental disorders in China, 2005–2013: implications for health policy. BMC Psychiatry, 16(1). https://doi.org/10.1186/s12888-016-0839-0

Le, L. K., Esturas, A. C., Mihalopoulos, C., Chiotelis, O., Bucholc, J., Chatterton, M. L., & Engel, L. (2021). Cost-effectiveness evidence of mental health prevention and promotioninterventions: A systematic review of economic evaluations. PLOS Medicine, 18(5),

e1003606. https://doi.org/10.1371/journal.pmed.1003606

Oliva‐Moreno, J., López-Bastida, J., Montejo, Á. L., Osuna-Guerrero, R., & Duque-González, B.

(2008). The socioeconomic costs of mental illness in Spain. The European Journal of Health Economics, 10(4), 361–369. https://doi.org/10.1007/s10198-008-0135-0

Published

02-29-2024

How to Cite

Serrano, A., & Lopez, J. (2024). The Mind and the Money: Determining How the Mental Health of a Nation Influences its Economic Prosperity. Journal of Student Research, 13(1). https://doi.org/10.47611/jsrhs.v13i1.6356

Issue

Section

HS Research Projects