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All Journal International Journal of Economics Development Research (IJEDR)
Olanike Bosede Awoyemi
Afebabalola University Ado-Ekiti, Ekiti state, Nigeria
Economics, Econometrics & Finance Social Sciences

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The Effects of Total Health Expenditure on Economic Growth in Central and Eastern Sub-Sahara African Regions Faith Yusufu; Olanike Bosede Awoyemi; Kehinde John Komolafe
International Journal of Economics Development Research (IJEDR) Vol. 3 No. 2 (2022): International Journal of Economics Development Research (IJEDR)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ijedr.v3i2.425

Abstract

This study looked at the link connecting the growth of the economy and health spending in Central and Eastern Sub-Saharan Africa. To assess the short and long-term effects of total per capita health expenditure on the growth of the economy across Sub-Saharan African areas (East Africa and Central Africa), the panel data analysis was employed. In the short-term, total per-capita health expenditure (THE_PC) in Central Africa has an upbeat outcome on economic growth (LGDP_PC) at all levels of significance. In the long-term, current health per-capital expenditure (CHE_PC) has an upbeat outcome on the growth of the economy (LGDP_PC) at 5% and 10% significance levels, whereas life expectancy at birth (LEB) has a downbeat outcome on the growth of the economy. In East Africa THE_PC in the short and long-run has a favorable effect on the growth of the economy (LGDP_PC) at 5 and 10% significant levels, whereas CHE_GDP has a downbeat outcome on the growth of the economy (LGDP_PC) at all levels in the long-run. The findings imply that increasing per-capita health spending will boost the growth of the economy in the short term while increasing CHE_PC and LEB will boost economic growth in the long run. More investment in health services is recommended. Keywords: Public Spending, Economic Growth, GDP Per-Capita, Long Run, Mean Group, Dynamic Fixed Effect, Pooled Mean Group/ARDL (Autoregressive Distributed Lags), Short Run
Co-Authors Faith Yusufu Kehinde John Komolafe