EFFECT OF GOVERNMENT HEALTH EXPENDITURES ON ECONOMIC GROWTH: EVIDENCE FROM ASEAN-9 COUNTRIES, 1999-2014
| Main Authors: | Indanazulfa Qurrota A'yun, Irwandi |
|---|---|
| Format: | Proceeding eJournal |
| Terbitan: |
, 2019
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| Online Access: |
https://zenodo.org/record/2582235 |
Daftar Isi:
- Government expenditure is one of the part of fiscal policy that governs the economy for the realization of people's welfare and the stability of economic activity. One of the government expenditures is used for the health sector, where health is one of important indicator as an effort in realizing public health development. Accordingly, this study aims to analyze the effect of government health expenditure on economic growth in ASEAN-9 countries. This paper based on panel data of a sample of 9 countries in ASEAN that consist of Indonesia, Malaysia, Singapore, Thailand, Philippines, Brunei Darussalam, Myanmar and Cambodia, using data for the period 1999-2014. The best selection model in this paper is random effect model. Empirical results find that health expenditure per capita and health expenditure public-government have statistically significant positive effect on economic growth. However, health expenditure of public and out-of-pocket health expenditure have a negative affect on economic growth. Meanwhile, the health expenditure of GDP and the population have no significant effect on economic growth. This suggests that there needs to be an increased of focus on investment and the speed of developing medical services and public health efficiency so as to improve public health and economic growth.