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This ratio was known to be lower than other Western Pacific countries with similar economic statuses, like Malaysia and Indonesia ( Lally et al., 2019). Also, there are only 7.76 hospital beds and 0.41 psychiatrists per 100,000 people ( World Health Organization-Assessment Instrument for Mental Health Systems, 2007 Department of Health, 2018). Even after the country has recently passed its first Mental Health Act and Universal Health Care Law, only 5% of the healthcare expenditure is directed toward mental health.

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Last is the oversimplified chronic course, wherein people without mental illnesses apply an acute illness model to those ill, and expect full recovery in the short term.Д«ecause of this stigma, mental health has been given very little attention by the Philippine government and public sectors. Second is unrealistic pessimism and optimism about the severity of the disorder, wherein the mentally ill either would certainly suffer from severe functional impairment or would be able to overcome any psychological suffering by themselves. (2018) showed that this stigma is considered to be an effect of the public belief about mental disorders which consist of three themes: First is familial problems, wherein the family rejects or disowns the family member who suffers from a mental disorder because they believe that it can be inherited. A qualitative study conducted by Tanaka et al. One of the popular beliefs is that depression and anxiety are non-existent, and that mental illnesses are something to be ashamed of. The cultural beliefs of Filipinos vary in almost every respect. This colonial history has contributed to the unique Filipino culture, yet the country remains poorly understood because of its late independence and of it being one of only two Christian-majority countries in the Far East ( Lally et al., 2019). The country has been occupied and colonized by many foreign powers since 1545 and it only gained full independence in 1946. The Philippines is an archipelago of over 7000 islands, with over 120 languages, and numerous religions. The State Of Mental Health in the Philippines And so to help address the economic and mental health crises in the Philippines, we hope to spark discussions that will promote the study of MHE for the good of all Filipinos. Unfortunately, to the best of our knowledge and understanding, there are currently no existing studies written on Philippine MHE. Thus, the study of economics, particularly mental health economics (MHE), is significant in identifying ways to improve mental health and mental healthcare production and consumption. Mental health problems may also lead to a significant decline in economic activity that results from productivity losses and limited resources for treatment. Economic decline may lead to a greater likelihood of mental-illness due to exposure to risk factors such as social exclusion, poor education, treatment costs, unemployment, and poverty. According to Knapp and Wong (2020), the economy has a bi-directional relationship with mental health. And so, good mental health is significant for economic growth. Further understanding of mental health is significant because it greatly affects the economy as economies appear to crucially depend on the population's mental health. Because of these differences, the best way to enrich our understanding of mental health might be to evaluate the different perspectives of mentally healthy populations toward it ( Vaillant, 2003). Culture affects how people manifest symptoms, express these symptoms, deal with psychological problems, and decide whether to seek care ( Eshun and Gurung, 2009). (2020) described good mental health as вЂњa state of well-being that allows individuals to cope with the normal stresses of life and function productively.вЂќ However, the definition of good mental health may vary among cultures, values and traditions. Hence, higher levels of SWB could mean good mental health among individuals. Studies that employ the use of SWB show that individuals who report high levels of it tend to live longer with healthier lives, have healthier social relationships, and work more productively ( Montagnoli, 2019). The nature of happiness has been debated on by philosophers for thousands of years, but a benchmark for it that has been accepted by many social and behavioral scientists in the past few decades has been Diener's Subjective Well-being (SWB) ( Diener, 2009). Perhaps, we should look into how happy people make an economy healthy. It may seem intuitive to say that a healthy economy makes people happy, but little is said about the converse of this statement.

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