2020
DOI: 10.1080/23322039.2020.1771878
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Financial development and health care expenditure in Sub Saharan Africa Countries

Abstract: The study aimed to examine the relationship between financial development and health care expenditure in 46 Sub Saharan Africa (SSA) countries. The paper argues that health care expenditure is a key transmission mechanism through which financial development influences better health outcomes. The study used random and fixed effects as well as instrumental variable estimation methods using data from 1995 to 2014. The results showed that financial development leads to increased health care expenditure. In terms o… Show more

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Cited by 22 publications
(15 citation statements)
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“…The older the woman (35 to 49 years old), the more likely she is to give birth in a hospital. The findings were also consistent with previous research [25] and were linked to only mothers under the age of 40, as well as the youngest (15-19 years) and older (40-49 years) mothers. It is difficult to draw broad conclusions based on the age of women and the success of institutions.…”
Section: Discussionsupporting
confidence: 92%
“…The older the woman (35 to 49 years old), the more likely she is to give birth in a hospital. The findings were also consistent with previous research [25] and were linked to only mothers under the age of 40, as well as the youngest (15-19 years) and older (40-49 years) mothers. It is difficult to draw broad conclusions based on the age of women and the success of institutions.…”
Section: Discussionsupporting
confidence: 92%
“…The health human capital displays a low fluctuation, only rising from 1.65% in 2000 to 1.92% in 2019, while the current health expenditure (% of GDP) of middle- to high-income countries is 5.74%, which is three times that of Sub-Saharan Africa. As a result, the health care expenditure in Sub-Saharan Africa is very poor, which inevitably leads to the low level of health human capital ( 47 ). Investment and recurrent expenditure in the health sector are affected by funding shortages, high costs, limited government revenue, and poverty.…”
Section: Methodology and Datamentioning
confidence: 99%
“…The region also hosts a number of countries where remittances account for a significant share of GDP, notably Liberia with 26%, Comoros with 21%, and Lesotho with 15.6%. SSA countries face financial constraints and are searching for alternative funding for education, health, and poverty reduction in accordance with the changing needs of the population (Chireshe and Ocran, 2020).…”
Section: Remittances and Health Outcomes In Sub-saharan Africa (Ssa)mentioning
confidence: 99%