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Validating Connection Amid Public Expenditure on Education, Health and Economic Growth in South Africa

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  • Ahmed Oluwatobi Adekunle

    (Walter Sisulu University)

Abstract

The study evaluates the connection amid public expenditure on education, health in relation with economic growth in South Africa. The data span across 1990-2020. The study employed VAR technique to analyse the data. The findings signify that domestic general government health expenditure had a negative influence on economic growth in the second period but a positive impact in the first and third periods. GEED has consistently had a favorable and substantial effect on economic expansion. Experience has a detrimental effect on the second period and a good one on the first and third. Imp has a comparable effect on economic growth to exports, contributing favorably to growth in the first and third periods and adversely to growth in the second. Essentially, national growth strategies need to be tailored to encourage expenditure on health and education for advancement of the economy.

Suggested Citation

  • Ahmed Oluwatobi Adekunle, 2023. "Validating Connection Amid Public Expenditure on Education, Health and Economic Growth in South Africa," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 19(6), pages 78-93, December.
    • Handle: RePEc:dug:actaec:y:2023:i:6:p:78-93
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