Abstract

A nation’s financial commitment to health investment and expenditure has a corresponding effect on its economic growth and development. Understanding the interplay and underlying connection between health expenditure and national development is critical in forecasting the wellbeing of a nation, vis-à-vis health preparedness. In this paper, we explore the impact of public healthcare expenditure on economic development in South Africa between 1996 and 2016. The autoregressive distributed lag model, error-correction model and a time series panel were adopted in analysing this effect. Empirical findings demonstrate a positive relationship between PHE and HDI in South Africa. Further, health investment may increase the income of health workers and provide for better working conditions and facilities to save lives. In addition, the relationship between CPI and economic development is insignificant, however CPI mediates PG.

摘要

一个国家对卫生投资和支出的财政承诺对其经济增长和发展产生相应的影响。了解卫生支出与国家发展之间的相互作用和内在联系对于预测一个国家相对于卫生准备的福祉至关重要。本文探讨了1996年至2016年南非的公共医疗保健支出对经济发展的影响。采用自回归分布滞后模型，误差校正模型和时间序列面板分析了这种影响。实证结果表明，南非的PHE和HDI之间存在正相关关系。此外，卫生投资可以增加卫生工作者的收入，并提供更好的工作条件和设施以挽救生命。此外，