GROWTH EFFECTS OF HEALTH INPUTS AND OUTCOMES IN SUB-SAHARA AFRICAN COUNTRIES (1995-2011)
Journal Title: Asian Economic and Financial Review - Year 2014, Vol 4, Issue 6
Abstract
The study examined the contribution of health inputs and outcomes to growth process in the Sub-Saharan Africa. Panel data of 30 countries from the sub-region from 1995 to 2011was used in a dynamic Generalized Method of Moment (GMM) modeling framework. The study used secondary school enrolment and government expenditure on health as health inputs while child mortality rate was used as a proxy for health outcomes. Results showed that education has statistically significant positive effect on economic growth while both government expenditure on health and mortality rate have statistically significant negative effects. The coefficients of the variables revealed that health (reduction in child mortality rate) is relatively more effective in promoting economic growth than education as an input in the growth process as the effects of health overwhelmingly supersedes the effects of education in the dynamic endogenous growth model estimated. This implies while both education and health care are crucial and important in the growth process, in a situation of resources constraints, emphasis should first be placed on adequate and efficient healthcare delivery and then provision of higher education.
Authors and Affiliations
Apanisile Olumuyiwa Tolulope| Lecturer, Department of Economics, Obafemi Awolowo University, Ile-Ife Nigeria, Akinlo Taiwo| Lecturer, Department of Economics, Adeyemi College of Education, Ondo Nigeria
Keywords
Related Articles
- EP ID EP2038
- DOI -
- Views 476
- Downloads 22
ZAKAH AS AN ISLAMIC MICRO-FINANCING MECHANISM TO PRODUCTIVE ZAKAH RECIPIENTS
There are various forms of zakah distribution practiced by the zakah institutions. One of them is the distribution of zakah in a form of business capital given to productive zakah recipients. This form of zakah distrib...
DETERMINING REAL EXCHANGE RATE FLUCTUATIONS IN THE OIL-BASED GCC ECONOMIES
This paper attempts to empirically determine the relationship between oil price fluctuations and movements in the dollar-pegged Gulf Cooperation Council (GCC) countries? exchange rates. Panel unit root tests are applied,...
ACCOUNTABILITY AND THE EXPERIENCE OF THE 2007 GLOBAL FINANCIAL CRISIS
The ripples of the 2007 financial crisis are still felt in many economies. Taking advantage of hindsight, this paper examines the factors that facilitated the occurrence of the crisis and how the crisis was managed. It u...
CAUSALITY BETWEEN OIL CONSUMPTION AND ECONOMIC GROWTH IN IRAN: AN ARDL TESTING APPROACH
Oil is also very important for the Iran’s economic growth. This paper studies the causal relationships between oil consumption and economic growth for Iran using cointegration and error correction model from annual data...
SV MIXTURE, CLASSIFICATION USING EM ALGORITHM
The present paper presents a theoretical extension of our earlier work entitled“A comparative study of two models SV with MCMC algorithm” cited, Rev Quant Finan Acc (2012) 38:479-493 DOI 10.1007/s11156-011-0236-1 where w...