You have no items in your shopping cart.
ABSTRACT
This study examines the impact of health expenditure on labor productivity and economic growth in Nigeria from 2000 to 2021, utilizing an Error Correction Model (ECM) to capture both shortterm dynamics and long-term relationships. The findings reveal a significant positive relationship between health expenditure and labor productivity, highlighting the critical role of healthcare investment in enhancing workforce efficiency. Additionally, the study identifies a positive association between health expenditure and real GDP, underscoring the broader economic benefits of improved health outcomes. Interestingly, population growth rate also shows a positive correlation with both labor productivity and economic growth, suggesting that demographic factors can stimulate economic activity. However, secondary school enrollment rate and gross capital formation do not significantly affect labor productivity or GDP, indicating areas needing targeted policy intervention. The results emphasize the importance of prioritizing healthcare investment and adopting comprehensive strategies that integrate health, education, and infrastructure development to achieve sustainable economic growth in Nigeria.
