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EXAMINATION OF THE DEVELOPMENT EFFECT OF WELLBEING USE IN NIGERIA
Abstract: A nation with healthy people is considered a wealthy nation. This study is designed to evaluate the impact of health expenditure on economic growth in Nigeria. Most empirical studies in literature pay little or no attention to this area but majorly focus on how people achieve better health when there is economic growth. This could be as a result of the general consensus that economic growth leads to improved health status while the attention was not given to whether causality exists in the reverse direction. This study is carried out to breach this gap. Multiple regression analysis was employed and the result shows that gross capital formation, total health expenditures and the labour force productivity are important determinants of economic growth in Nigeria while life expectancy rate has negative impact on growth for the period covered by the study. As a result, the following policy measures are suggested among others that government should encourage savings and investments in the economy, increase expenditures on health provisions, induce the level of labour productivity and place priority on the issues of security to lives and properties in Nigeria. Keywords: health expenditure, growth, life expectancy, Nigeria, human capital.