Population Health and Economic Growth in Sub-Saharan Africa: A Panel Cointegration Analysis
Population Health and Economic Growth in Sub-Saharan Africa: A Panel Cointegration Analysis
The article investigates the extent to which the health of the population affects the economic performance using panel data for 30 Sub-Saharan African countries for the period 1970–2010. Using a theoretical model based on an augmented Solow growth model, the authors estimate the relationship between population health capital and economic growth in Sub-Saharan Africa using panel cointegration econometric strategy. They find that the health status of the population has not significantly driven economic performance. Accounting for the effect of HIV/AIDS, however, resulted in a significant negative effect of population health on economic growth. Furthermore, the obverse seems rather plausibly the case, as economic growth significantly increases life expectancy in the region.
CITATION: Frimpong, Prince Boakye. Population Health and Economic Growth in Sub-Saharan Africa: A Panel Cointegration Analysis . : Taylor & Francis Group , 2014. Journal of African Business, Vol 15, No. 1, January-April 2014, pp. 36-48 - Available at: https://library.au.int/population-health-and-economic-growth-sub-saharan-africa-panel-cointegration-analysis-2