The proximate effect of healthcare outlays in the Nigerian accelerated growth equation
Journal: Indian Journal of Economics and Development (Vol.10, No. 4)Publication Date: 2014-11-24
Authors : Mcrollins Efe Olotu; Benjamin A. Umueme; John Elisha Ikhu;
Page : 305-312
Keywords : Economic growth; health outlays; healthcare; productivity.;
Abstract
Over the years, the philosophical configuration of contemporary economies has been on acceleration of growth. An area which has suffered neglect is the place of health in economic growth equation. Since, the health sector provides human capital in the form of healthy and quality labour force, improving the health status of the people will, therefore, not only increase their well being, longevity and contentment but will also contribute directly to economic growth through the multiplier process. This study examined the relationship between health outlays and health outcomes on economic growth in Nigeria. A sensitivity analysis proceeded from the Neoclassical Solow Growth Model. After all necessary conditions of non-stationarity and co-integration were fulfilled the main result is a robust, positive and significant relationship between economic growth and government health outlays inter-alia. This is against the backdrop of a highly negligible nexus between economic growth and life expectancy. Arising thereof, there is dire need for government to zero official corruption in that sector and channel the health sector's budget appropriately. There should be increased access to quality treatment at reduced costs. The health workers should also be increased and retrained with a reliable system for the supply of quality drugs and medical materials put in place.
Other Latest Articles
- Revisiting education policy in India with special reference to Punjab
- A study into marketing-cum-processing cooperative societies in Punjab with special reference to Mullanpur society
- Trends analysis in agricultural growth at national and state level
- An analysis of major determinants of food inflation in India
- Mechanization scenario of agriculture in Punjab
Last modified: 2016-06-13 15:45:00