Affiliation:
1. Federal University of Agriculture , Abeokuta , Nigeria .
2. department of Economics , Federal University of Agriculture , Abeokuta (FUNAAB) , Nigeria .
Abstract
Abstract
The study of public health investment, human capital accumulation, and labour productivity are essential in formulating policies that drive economic development. This study examines the individual and interactive effects of public health investment and human capital accumulation and the interactive effect of human capital accumulation and financial opportunity on labour productivity in West Africa from 1992 to 2020, respectively. The interactive effect of human capital accumulation and financial opportunity has not been given any attention in the literature. The following findings are apparent in the study: One, public health Investment and human capital accumulation positively affect labour productivity in the short and long run. Two, the interactive effect of human capital accumulation and public Health Investment positively and significantly affect labour productivity in the short and long run. Lastly, the interactive effect of human capital accumulation and financial opportunity positively and significantly affects labour productivity in the short and long run. Hence, we suggest that economic policy be formulated to ensure that affordable healthcare and financial opportunity are available, together with human capital accumulation, to fast-track the normalization of the economy.
Reference74 articles.
1. Abdul-Wahaba A. O. & Kefelib Z., (2016). Projecting a long-term expenditure growth in healthcare service: a literature review. Procedia economics and finance. 37 (2016),152-157
2. Abdychev, A., Jirasavetakul, L. F., Jonelis, A., Leigh, L., Moheeput, A., Parulian, F. Stepanyan, A. & Mama, A. T. (2015). Increasing productivity growth in middle-income countries. International Monetary Fund working paper 15/2.10.5089/9781484328439.001
3. Adewumi, B. & Enebe, E. (2019). Government educational expenditure and human capital development in West African countries. International Journal of Research and Innovation in Social Science, 3(6), 24-54.
4. Ali M, Egbetokun A. & Memon M. H. (2018) Human capital, social capabilities, and economic growth. Economies. 6(2). doi: 10.3390/economies6010002
5. Alimi, R. S., (2018). Growth effect of government expenditures in West African countries: A nonlinear framework. Munich Personal RePEc Archive. No. 99108. Available online at https://mpra.ub.uni-muenchen.de/99108/. Accessed on October, 20, 2021.