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 443
- Downloads 22
FOREIGN DIRECT INVESTMENT DECISIONS INTO CHINA AND INDIA
We investigate the foreign direct investment projects of the multinational companies into the two major BRIC countries: India and China. Our results indicate that wage levels and country population and GDP growth are the...
STUDY ON THE EFFECT OF AFFECTING FACTORS ON THE STONE EXPORT PERFORMANCE IN LORESTAN PROVINCE
The main purpose of this research is to study the effect of affecting factors on the stone export performance in Lorestan province. Based on its purpose, it is an applied research and based on the method of data collect...
GOVERNANCE, OWNERSHIP STRUCTURE AND REPORTING FEATURES: THE CASE STUDY OF AN ITALIAN SOCIAL COOPERATIVE NETWORK
The diffusion and the consolidation of the experiences and the realities of the third sector were determined during the ?80s and ?90s, in concomitance with the reflection and the reorganization of the social politics, or...
FINANCIAL MUTATIONS AND FRAGILITY OF THE TUNISIAN BANKS
Our study shows that financial liberalization has been followed by a profound transformation and banking system fragility. Our investigation test seeks to determine the fragility index of the Tunisian banking system over...
INCOME DIVERSIFICATION AND BANK RISK-RETURN TRADE-OFF: EVIDENCE FROM AN EMERGING ECONOMY
This study examines the impact of bank income source diversification on risk-return trade off, of commercial banks in an emerging economy. Considering eleven commercial banks for the period from 2002 to 2015, the paper e...