Health Spending and the Growth of Sub-Saharan Africa: A Causal Relationship Analysis

Authors : Yusufu, F.O; Awoyemi, B.O; Akomolafe K. J

Volume/Issue : Volume 7 - 2022, Issue 1 - January

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Using the panel granger causality test, this study examines the causal link between health expenditure and economic growth in Sub-Saharan Africa. The literature on the causal relationship between health spending and economic growth was varied and classified into four groups. The first set of findings shows that health spending stimulates the economy, while the second group suggests that health spending stimulates the economy. The third group believes there is a feedback effect between health spending and economic growth, but the fourth group believes the two factors are unrelated. However, this analysis discovered that public health spending and economic growth are linked in both directions. Similarly, health investment spending and economic growth have a bidirectional link. In SubSaharan Africa, a one-way relationship has been established between health expenditure per growth and GDP. The government and private organizations both are advised to go for more strategic and deliberate health spending and investments.

Keywords : Health Spending, Granger Causality, Economic Growth, GDP Per Capita, Long Run


Paper Submission Last Date
30 - June - 2023

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In 1-2 Days

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