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has been cited by the following article:

• TITLE: The Impact of Health Expenditure on the Economic Growth in Sub-Saharan Africa

  AUTHORS: Badamassi Aboubacar, Deyi Xu

  KEYWORDS: Health Expenditure, Economic Growth, GMM, Sub-Saharan Africa

  JOURNAL NAME: Theoretical Economics Letters, Vol.7 No.3, April 27, 2017

  ABSTRACT: This paper examined the nexus between health care expenditure and economic growth in Sub-Saharan Africa over the period 1995-2014. We use the system General Method of Moments (GMM) technique to estimate the results. The findings reveal the existence of a positive and a statistically significant relationship between the two variables, precisely; health expenditure has a significant impact on the economic growth of the region. Regarding the control variables, while the effect of official development assistance on economic growth is insignificant, foreign direct investment, the active population and gross domestic savings appear as key determinants of economic growth in the region. Additionally, the results show that health care is a necessity rather than a luxury in Sub-Saharan Africa. It is therefore necessary to develop effective and efficient health care programs, increase health expenditure, make an effective use of the young population and create better environment for foreign direct investment in order to foster economic growth in Sub-Saharan Africa.