Health Expenditure, Human Capital and Economic Growth in Tunisia: an ARDL Bounds Testing Approach

Cite this:
GHORBEL, A., & KALAI, M. (2016). Health Expenditure, Human Capital and Economic Growth in Tunisia: an ARDL Bounds Testing Approach. Journal of Business Management and Economics, 4(8), 36–45. https://doi.org/10.15520/jbme.2016.vol4.iss8.218.pp36-45
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Abstract

A causal relationship between human capital, health expenditure and economic growth has been a topic of agreement among a great number of researchers. The current paper is an extension of the economic growth production function models to account for additional variables that macroeconomists have identified as fundamental components of the human capital and health in terms of life expectancy and health expenditure in Tunisia during the period 1961-2012.

The results of our investigations have led to identify the existence of a positive impact of the human capital on economic growth especially in the long run. However, a negative relationship between health expenditure and economic growth was noticed in the long run. On the other hand, the causality test results show that there is no bidirectional causal flow from human capital to economic growth, both in the short and long runs.

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