Global Health Risk, Government Health Expenditure and Economic Growth: Empirical Evidence from Nigeria

Abraham Odike Ijuo¹ , Ilemona Adofu² , Ibrahim Aishatu Ogiri³

Section:Research Paper, Product Type: Journal-Paper
Vol.11 , Issue.4 , pp.48-53, Dec-2023

Online published on Dec 31, 2023

Copyright © Abraham Odike Ijuo, Ilemona Adofu, Ibrahim Aishatu Ogiri . This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
 

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Abstract :
This study examined the effect of health risk and government health expenditure on economic growth with focus on Nigerian economy. ARDL model was operationalized within the human capital development theory and Grossman model adopted to analyze the dataset spanning 1994-2021 and found out that health risk significantly retards the growth of the economy. The study also discovered that government spending, while negligible, had a short-term negative impact on the Nigerian economy but a long-term favorable impact. The study therefore recommended amongst other things that relevant stakeholders (government, non-governmental organizations and private individuals) should increase advocacy program on preventive measures against global disease outbreaks to minimize the risk factor associated with spread of such diseases as well as ensuring prudent investment in health sector, hence to achieve the desired growth of the economy.

Key-Words / Index Term :
Global Health Risk, Government Health Expenditure, Economic Growth

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