IDEAS home Printed from https://ideas.repec.org/a/ids/ijhdev/v7y2022i1p1-14.html
   My bibliography  Save this article

Does fiscal deficit, public debt, economic growth and energy consumption affect health expenditure in India: an empirical evidence based ARDL bound testing approach

Author

Listed:
  • Tariq Ahmad Lone
  • Parveez Ahmad Lone

Abstract

This paper examines the impact of fiscal deficit, public debt, economic growth and of energy consumption on health expenditure in the country. Annual data for the time period 1980-2019 has been taken for analytical purposes. The bound testing approach ARDL model has been used for testing the long run cointegration among variables. Besides vector error correction model (VECM) has been utilised for determining the direction of causality. The results specify the presence of long run causal relationship between fiscal deficit, public debt, economic growth, energy consumption and health expenditure. However in the short run a single relationship between GDP and health expenditure was observed. These results reveal that all these variables are important but GDP is more important for maintenance of health expenditure. Thus we recommend that prudent public debt management, fiscal discipline, efficient energy consumption and economic growth should go a long way in maintaining the health expenditure and therefore better health outcomes.

Suggested Citation

  • Tariq Ahmad Lone & Parveez Ahmad Lone, 2022. "Does fiscal deficit, public debt, economic growth and energy consumption affect health expenditure in India: an empirical evidence based ARDL bound testing approach," International Journal of Happiness and Development, Inderscience Enterprises Ltd, vol. 7(1), pages 1-14.
    • Handle: RePEc:ids:ijhdev:v:7:y:2022:i:1:p:1-14
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=124164
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijhdev:v:7:y:2022:i:1:p:1-14. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=395 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.