The Impact of Health Expenditure on Economic Growth in Algeria

Abstract

The present study aims to investigate the impact of health expenditure on economic growth in Algeria for the period 1960-2016. Using data from the World Bank database, the Autoregressive Vector model and Granger causality, findings show that health expenditure positively affects economic growth in the short term; which means that the study’s hypothesis is proved. The results therefore reveal the increasing importance of investment in the health sector in order to improve economic growth indicator in Algeria.

Interrelationship Between Human Development, Financial Development and Economic Growth: Empirical Evidences from Indian Economy

“…Ramirez et al (1998) affirm that human development facilitates countries to move into virtuous groups. Many empirical studies specifically Ranis (2004), Kaur (2013), Saha (2013), Chakraborty and Krishnankutty (2012) and Menon (2017) investigating the relationship between human development and economic growth have confirmed that human development leads to economic growth.…”

3 Global productivity trends: Reviving growth through the digital economy?

“…It has also been suggested that too stringent firing costs may strengthen the bargaining power of incumbent workers to an extent that reduces incentives for productivity-enhancing investment by employers (Caballero and Hammour 1996). However, the view that curtailing the extent of labour market protection might lead to better economic outcomes, including productivity 17 See, among others, Weil (2006), Bloom and Canning (2008), Kumar and Kober (2012) and Saha (2013).…”