Authors :
Yusufu, F.O; Awoyemi, B.O; Akomolafe K. J
Volume/Issue :
Volume 7 - 2022, Issue 1 - January
Google Scholar :
http://bitly.ws/gu88
Scribd :
https://bit.ly/3uKwCnw
DOI :
https://doi.org/10.5281/zenodo.6084423
Abstract :
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
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
