EFFECT OF HEALTH CARE EXPENDITURE ON THE ECONOMIC GROWTH OF NIGERIA: AN ARDL ANALYSIS
Abstract
This study focuses on the Health Care Expenditure and Economic growth using, some key indicators as the independent and dependent variables (expenditure on specialist surgical work force, external health expenditure, domestic health expenditure and the gross domestic product growth); in determining the effectiveness of health care expenditure on economic growth in Nigeria. This study gave answers to the research questions and the stated hypothesis. The study scope covered between the years 1990- 2023, in order that a proper understanding will be grasped. The study highlighted several theories in the chapter, from which the theory which the work anchored on was selected; which are the Grossman model of health production and the endogenous growth model. The ex-post facto research design was adopted that aided the examination of how pre-existing variables influences the dependent variable, from the sourced data from the world development index 2024. The study adopted the ARDL model for the regression analysis because the variables were stationary at level and 1st difference. The result that was reached shows that there exist relationships between the independent variables and the dependent variable; DHE exhibits a positive and significant influence on GDPG, while SSW, reveals a positive but not significant influence on the GDPG; lastly, EHE shows a positive influence on the growth of the gross domestic product. It is therefore recommended that the Nigerian government should strengthen policies that attracts and retain investments in the health sector.
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Published in JOURNAL OF BUSINESS & ECONOMY
ISSN: 2808-5428
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