Healthcare expenditure, good governance and human development

نویسندگان

چکیده

Purpose This study aims to investigate the consequence of quality governance (QoG) in moderating effect healthcare spending on human development. Design/methodology/approach The authors employ a two-step Windmeijer finite sample-corrected system-generalized method moments (sys-GMM) estimation technique panel dataset 161 countries from 2005 2019. use expenditure as main explanatory variable and Human Development Index (HDI) dependent also consider voice accountability (VnA), political stability absence terrorism (PSnAT), effectiveness (GoE), regulatory (ReQ), rules law (RLaw) control corruption (CoC) dimensions indicators proxies good governance. develop new measure these six using principal component analysis (PCA). Findings empirically revealed that allocating more support alone is insufficient improve Individually, PSnAT has highest net positive health helps increase welfare. Further, corresponding interaction between Good Governance (GGI) negative but insignificant for low-income (LICs); statistically significant sub-Saharan African (SSA) economies South Asian nations. Originality/value an in-depth how impacts ensure higher development, particularly large countries. have developed index later extended by separating based income level geographical location, which are utterly absent existing literature.

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ژورنال

عنوان ژورنال: EconomiA

سال: 2022

ISSN: ['2304-4306', '0254-4415']

DOI: https://doi.org/10.1108/econ-06-2022-0072