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Nexus between healthcare financing and output per capita: Analysis of countries in ECOWAS sub-region
Open accessAbstract
The performances of African countries particularly in West African Sub-region on global-human development indices had been abysmal over the years and have worsened in the face of COVID-19 pandemic. This is a source of concern to scholars. Expenditure on health and education are recognized by experts as key predictors of human capital development. The latter is theoretically adjudged as a major driver of socio-economic development. This study investigated the relationship between health financing and economic performance (proxied by per capita GDP) among the 15 member countries of Economic Community of West African States (ECOWAS). Data spanning the period 1985–2017 were used and Panel Autoregressive Distributive Lag (PARDL) technique was adopted for the analysis. Results show that both private and public expenditures on healthcare were statistically significant to grow output per capita in the long-run. Further findings also suggest that other socio-economic covariates that affected the outcome of aggregate economic performance like price level of capital formation and population growth rate implicitly affected output per capita in the Sub-region. Recommendation points to all critical stakeholders to show more commitment and allocate more resources towards improved health care in the Sub-region if the cycle of stunted economic development will be broken.
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In the citing paper
“The strategic position of human capital in economic development began to gain relevance with the emergence of the endogenous growth theory which submits that human capital investment, innovation, knowledge, and sound health are key predictors of economic growth.”
From Does investment in education and health impact youth employment outcomes? Evidence from Sub-Saharan Africa (2023) · cites this paper as Anowor et al., 2020
In the citing paper
“However, an earlier work (Anowor et al., 2020) on healthcare financing in ECOWAS Sub-region paid much attention on output per capita but did not bother on its effects on youth employment.”
From Does investment in education and health impact youth employment outcomes? Evidence from Sub-Saharan Africa (2023) · cites this paper as Anowor et al., 2020
In the citing paper
“This implies that such growth rate of per capita income/output depends on the growth rate of human capital (Anowor et al., 2020;Danquah & Ouattara, 2014;Engelbrecht, 2002;Onodugo et al., 2013).”
From Does investment in education and health impact youth employment outcomes? Evidence from Sub-Saharan Africa (2023) · cites this paper as Anowor et al., 2020
In the citing paper
“A plethora of empirical scholarly work evidence that human capital investments could press forward productivity and accelerate economic development (Mincer, 1996;Aleksynska & Schindler, 2011;Anowor et al., 2020;Danquah & Ouattara, 2014;Hammed et al., 2019;McDonald & Roberts, 2002;Onodugo et al., 2013).”
From Does investment in education and health impact youth employment outcomes? Evidence from Sub-Saharan Africa (2023) · cites this paper as Anowor et al., 2020
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Cited by
Sorted by citations
Anowor, O. F., Ichoku, H. E., Onodugo, V. A., Ochinanwata, C., & Uzomba, P. C. (2023) · Cogent Economics & Finance · doi:10.1080/23322039.2022.2160128 · Cited by 18
“…of empirical scholarly work evidence that human capital investments could press forward productivity and accelerate economic development (Mincer, 1996; Aleksynska & Schindler, 2011; Anowor et al., 2020; Danquah & Ouattara, 2014; Hammed et al., 2019; McDonald & Roberts, 2002; Onodugo et al., 2013).”
BackgroundResultInfluentialSelf-citation
Metadata
- Authors
- Anowor, O. F., Ichoku, H. E., & Onodugo, V. A.
- Affiliations
- Godfrey Okoye University (NG)
- University of Nigeria (NG)
- Corresponding author
- Anowor, Oluchukwu F.
- Venue
- Cogent Economics & Finance
- Publisher
- Informa UK Limited
- Published
- 2020-01-01
- Volume
- 8
- Issue
- 1
- Pages
- 1832729
- ISSN
- 2332-2039 (ISSN-L)
- OpenAlex
- W3094395664
- Cited by
- 20
- References
- 0
- Citations by year
- 2026: 1 · 2025: 3 · 2024: 5 · 2023: 4 · 2022: 4 · 2021: 3
- FWCI
- 2.87
- Type
- journal article
- Language
- en
- Open access
- gold
- doi.org
- Licence
- Locations
- Cogent Economics & Finance (publishedVersion, cc-by)
- RePEc: Research Papers in Economics (submittedVersion)
- DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion, cc-by-sa)
- Econstor (Econstor) (submittedVersion, cc-by)
- Funders
- research
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Global Health Care Issues
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Development
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Fiscal Policies
- Keywords
- health care financing, GDP per capita, economic performance, public health expenditure, private health expenditure, human capital development, ECOWAS, West Africa, capital formation, population growth
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