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THE IMPACT OF HEALTH ON ECONOMIC GROWTH IN NIGERIA
Abstract
This paper examines the impacts of health on Economic growth in Nigeria. The Cointegration, and Granger Causality techniques were used in analysing Quarterly time series data of Nigeria for the period of 1995-2009. The study finds that GDP is positively influenced by health indicators in the long run and health indicators cause the per capita GDP. It reveals that health indicators have a long run impact on economic growth. Thus, the impact of health is a long run phenomenon .The major policy implication of the study is that, a high level of economic growth can be achieved by improving the health status of the populace, especially if the current status is at low ebb.
Keywords: Health human capital; Economic growth; Cointegration; Granger Causality.