Version 1
: Received: 16 September 2020 / Approved: 17 September 2020 / Online: 17 September 2020 (07:50:55 CEST)
How to cite:
Atuahene, S.A.; Yusheng, K.; Bentum-Micah, G. Health Expenditure, CO2 Emissions, and Economic Growth: China vs. India. Preprints2020, 2020090384. https://doi.org/10.20944/preprints202009.0384.v1
Atuahene, S.A.; Yusheng, K.; Bentum-Micah, G. Health Expenditure, CO2 Emissions, and Economic Growth: China vs. India. Preprints 2020, 2020090384. https://doi.org/10.20944/preprints202009.0384.v1
Atuahene, S.A.; Yusheng, K.; Bentum-Micah, G. Health Expenditure, CO2 Emissions, and Economic Growth: China vs. India. Preprints2020, 2020090384. https://doi.org/10.20944/preprints202009.0384.v1
APA Style
Atuahene, S.A., Yusheng, K., & Bentum-Micah, G. (2020). Health Expenditure, CO2 Emissions, and Economic Growth: China vs. India. Preprints. https://doi.org/10.20944/preprints202009.0384.v1
Chicago/Turabian Style
Atuahene, S.A., Kong Yusheng and Geoffrey Bentum-Micah. 2020 "Health Expenditure, CO2 Emissions, and Economic Growth: China vs. India" Preprints. https://doi.org/10.20944/preprints202009.0384.v1
Abstract
Researchers’ attention has been turned on Health expenditure, Carbon emissions, and economic growth as they play a focal role in the current debate on environmental protection and sustainable development. Our paper endeavors to investigate the impact of economic growth and CO2 emissions on Health expenditure for two main countries in Asia (China and India) using a dynamic panel data model estimated employing the Generalized Method of Moments (GMM) for the period 1960–2019. Our empirical results show that there is a significant relationship between health expenditure, CO2 emissions, and economic growth. The empirical evidence indicates a significant positive impact of CO2 emissions on health expenditure whiles economic growth has a negative impact on health expenditure for both countries for the period under study. The population growth rate has transposed effect on India's health spending; on the other hand, its impact on China’s health spending is significantly positive. The strong observable correlation between health expenditure and economic growth is crucial for economic development.
Keywords
health expenditure; economic growth; carbon emissions
Subject
Business, Economics and Management, Economics
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
