Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Vol. 6 No. 5 (2019): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah

Modeling the effects of health care expenditure and economic growth in Nigeria: An econometric analysis

Lasbrey Iheanyi Anochiwa (Department of Economics and Development Studies, Faculty of Management and Social Sciences, Alex Ekwueme Federal University Ndufu-Alike, Ebonyi State, Nigeria)
Eze Obila (Alex Ekwueme Federal University, Ndufu-Alike Faculty of Management and Social Sciences Department of Economics and Development Studies, Ebonyi State Nigeria)
Michael Enyoghasim (Alex Ekwueme Federal University, Ndufu-Alike Faculty of Management and Social Sciences Department of Economics and Development Studies, Ebonyi State Nigeria)



Article Info

Publish Date
02 May 2019

Abstract

Literature abounds that labor quality, in the form of human capital, clearly contributes significantly to productivity growth, but very few analysts have been interested to locate potential human capital growth outside education. Such interest will help ascertain the effectiveness of public health expenditure on health and the impact of good health to economic growth in Nigeria. This research empirically attempts to analyze health outcome and economic growth; proxied by life expectancy at birth and gross domestic product per-capita respectively using quantitative analysis. To avoid the possibility of encountering simultaneity error, we use the three stage -least -square (3SLS) regression to estimate the result. The result shows simultaneity between health outcome and economic growth. The results equally show that health expenditure is significant in determining health outcome but has no significant relationship with economic growth. As a recommendation government must increase budgetary allocation to the health sector and effectively monitor its utilization.

Copyrights © 2019






Journal Info

Abbrev

JES

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Perspektif Pembiayaan dan Pembangunan Daerah (The Journal of Perspectives on Financing and Regional Development) is an open-access, peer-reviewed international forum for scientists involved in research to publish high quality and refereed papers. Jurnal Perspektif Pembiayaan focuses on ...