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Summary
According to the research, private health spending is one of the key pillars that is essential for the growth of human capital when improving labor productivity effectiveness. The ECM was used to analyze time series data from 1980 to 2021 from the World Bank and National Bureau of Statistics. According to empirical data, the short-run labor productivity imbalance is rectified by around 4% per period, and at a 1% significance level, it is statistically significant. The results also show a negative relationship between malaria death rate and labor productivity rate, which was shown to be positively significant at a 1% level. Additionally, it was discovered that private health spending was favorably correlated with the rate of labor productivity. Labor productivity rate was found to be inversely correlated with real GDP per capital.
