Public Health Expenditure And Economic Growth Nexus In South Asian Countries
Author: Jawad Khan

This study aims to analyze the nexus between public health expenditure and economic growth. For this purpose, the panel data has been utilized over the period from 1995 to 2018 for 07 South Asian countries. Public health expenditures have been used as independent variables, economic growth (GDP per capita) as its dependent HDI variable, labor force, life expectancy and infant mortality as control variables. Correlation and granger causality were applied in this study, then panel unit-root test, then panel cointegration test and finally the panel cointegration regression FMOLS techniques. Panel cointegration regression FMOLS estimator investigated the study of long run (LR) between variables. The results of the panel cointegration regression FMOLS analysis revealed that long-term (LR) economic growth (GDP per capita) is positively and significantly affected by public health expenditure, HDI, labor force, life expectancy, and infant mortality. The key information resulting from the study is that expenditure on public health is related positively and significantly to economic growth (GDP per capita). The result of the relationship study is that expenditure on public health not only directly impacts economic development, but also indirectly. The study provides specific evidence to policymakers that increased health expenditure contributes to increased countries economic growth. Supervisor:- Dr. Fazli Hakim Khattak

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Supervisor: Fazli Hakim Khattak

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