Jurnal Bisnis, Manajemen, dan Ekonomi
Vol. 3 No. 2 (2022): Jurnal Bisnis, Manajemen dan Ekonomi

Assessment of Government Health Expenditure and Economic Growth in Kenya

Kelvin Mutira Misango (Department of Economics, School of Business and Economics, Moi University Kenya)
Dr. Richard Siele (Department of Economics, School of Business and Economics, Moi University Kenya)
Dr. Kipruto Kemboi (Department of Economics, School of Business and Economics, Moi University Kenya)



Article Info

Publish Date
17 Jun 2022

Abstract

Kenya's Vision projected an economic growth rate of 10 per cent per annum from 2008 to 2030 which has not been achieved to date. The purpose of this study was to assess the impact of Health Expenditure on economic growth in Kenya as one of the health indicator hindering growth rate. The study adopted the endogenous growth theory and incorporated key health expenditure into the model as a function of human capital. The research design employed was explanatory and relied on secondary data from World Bank from 1987 to 2018. Applying the regression model, the results revealed that the coefficient of healthcare expenditure was 0.3032, which was positive and insignificant at a 5 per cent level. This implied that for every one per cent increase in the coefficient of health care expenditure, the GDP growth rate could increase by 0.3032 %. The Kenya government could put in place health policies promoting citizens' health under social pillar and also increase allocation to health care to promote economic growth

Copyrights © 2022






Journal Info

Abbrev

jbme

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Bisnis, Manajemen, dan Ekonomi (JBME) is a peer-reviewed journal which publishes original research papers. JBME has been published since 2020. It is currently published quarterly (January, April, July and October). Areas of research include, but are not limited to Global Business, Transition ...