The Effects of Total Health Expenditure on Economic Growth in Southern and Western sub-Saharan Africa
by Faith Onechojo Yusufu 1,* , Bosede Olanike Awoyemi 2, Kehinde Akomolafe 2
1 Department of Economics, University of Jos, Plateau State, Nigeria
2 Department of Economics, Afe-Babalola University Ado-Ekiti, Ekiti State, Nigeria
* Author to whom correspondence should be addressed.
Journal of Engineering Research and Sciences, Volume 1, Issue 3, Page # 39-51, 2022; DOI: 10.55708/js0103005
Keywords: Economic growth, GDP per capita, Public spending, ARDL
Received: 22 January 2022, Revised: 21 February 2022, Accepted: 05 March 2022, Published Online: 17 March 2022
AMA Style
Yusufu FO, Awoyemi BO, Akomolafe K. The effects of total health expenditure on economic growth in southern and western sub-Saharan africa. Journal of Engineering Research and Sciences. 2022;1(3):39-51. doi:10.55708/js0103005
Chicago/Turabian Style
Yusufu, Faith Onechojo, Bosede Olanike Awoyemi, and Kehinde Akomolafe. “The Effects of Total Health Expenditure on Economic Growth in Southern and Western Sub-Saharan Africa.” Journal of Engineering Research and Sciences 1, no. 3 (2022): 39–51. https://doi.org/10.55708/js0103005.
IEEE Style
F. O. Yusufu, B. O. Awoyemi, and K. Akomolafe, “The effects of total health expenditure on economic growth in southern and western sub-Saharan africa,” Journal of Engineering Research and Sciences, vol. 1, no. 3, pp. 39–51, 2022.
The purpose of this work was to investigate the effects of total health spending on the growth of the economy in Southern and Western Sub-Saharan Africa. The mean group, dynamic fixed effect, and pooled mean group/ARDL (Autoregressive Distributed Lags) panel data analyses were used to scrutinize the short and long-term effects of total per capita health spending on the growth of the economy. The short-run finding reveals that total health per capital expenditure and life expectancy at birth (LEB) has an upbeat effect on the growth of the economy (LGDP PC) in Southern Africa at all relevant levels. At all significant levels, total health per capital expenditure and life expectancy at birth (LEB) both have an upbeat outcome on the growth of the economy (LGDP PC). The short-run analysis shows that current health per capital spending and government spending has a positive effect on the growth of the economy (LGDP PC) at a 5% significant level in West Africa, while total and current health per capital expenditure has an upbeat effect on economic growth (LGDP PC) at 5% significant level in the long run. Because per-capita health spending has a beneficial impact on the growing economy, more monies should be dedicated to the health sector to increase the quality of healthcare operations.
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