Assessment of Government Health Expenditure and Economic Growth in Kenya
Journal Title: Journal of Economics, Finance and Management Studies - Year 2022, Vol 5, Issue 05
Abstract
Kenya's Vision projected an economic growth rate of 10 per cent per annum from 2008 to 2030 which has not been achieved to date. The purpose of this study was to assess the impact of Health Expenditure on economic growth in Kenya as one of the health indicator hindering growth rate. The study adopted the endogenous growth theory and incorporated key health expenditure into the model as a function of human capital. The research design employed was explanatory and relied on secondary data from World Bank from 1987 to 2018. Applying the regression model, the results revealed that the coefficient of healthcare expenditure was 0.3032, which was positive and insignificant at a 5 per cent level. This implied that for every one per cent increase in the coefficient of health care expenditure, the GDP growth rate could increase by 0.3032 %. The Kenya government could put in place health policies promoting citizens' health under social pillar and also increase allocation to health care to promote economic growth.
Authors and Affiliations
Kelvin Mutira Misango, MA Economics, Dr. Richard Siele, Dr. Kipruto Kemboi
Keywords
Related Articles
- EP ID EP707240
- DOI 10.47191/jefms/v5-i5-24
- Views 52
- Downloads 0
The Effects of Organizational Design and Decision Making Process on Organizational Performance
This research was aimed to analyze organizational performance through organizational design and decision making process. Garuda Indonesia was chosen as the case study object of this research, because the condition of org...
The Influence of Price, Store Atmosphere, and Brand Image on Purchasing Decision of Product in Sehari Sekopi Sidoarjo
The high level of consumption of Indonesian people regarding coffee consumption makes coffee shops spread throughout the region. Various coffee shops make business people need to choose the right way to deal with the com...
Analysis of Risk Components of Building Construction Projects in Construction Companies: Case Study of Projects in Jabodetabek
Risk management is very important for a construction company to carry out all company activities and especially to run a construction project. As is known, the project is carried out through stages in which it is very lo...
Interaction between the Financial Market and Economic Policies: An Approach Based on the Crisis Caused by the COVID-19 in Brazil
The COVID-19 has social and economic impacts, especially in emerging countries like Brazil. The Brazilian’s context was different from the rest of the world, because while the other countries have to manage social and e...
Enhance Economic Village into a Digital Platform Tourism In-dustry: Case Study in Makasar Indonesia
Indonesia has a high level of community productivity. Where, in some corners of the rural areas still have little knowledge about the introduction of industrial digital products which in fact currently has become a neces...