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Threshold Effects of Health on Economic Growth in Sub-Saharan African Countries: Evidence from a Dynamic Panel Threshold Model
2018
Journal of Economics and Development Studies
This paper investigates the presence of threshold effects in the health-economic growth nexus for 24 Sub-Saharan Africa countries. We apply a dynamic panel threshold model and find that health human capital stock, measured by life expectancy at birth, has a positive and significant impact on economic growth. This impact becomes more important as health investments, captured by public health expenditures, increase. We estimate a threshold of 3.5% of the ratio public health expenditures/GDP above
doi:10.15640/jeds.v6n4a3
fatcat:4vud25gx7rgd3njhjkhw2saryi