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Income, Income Inequality and Health: Evidence from Nigeria

Author

Listed:
  • Ibrahim Abidemi Odusanya
  • Bukunmi Agboola

    (Department of Economics, Olabisi Onabanjo University, P.M.B 2002, Ago-Iwoye, Nigeria)

Abstract

This study examines the effects of income and income inequality on health in Nigeria in the course of 1980-2014. The study adopts the ARDL Bounds testing approach to investigate the effects of income and income inequality on health in the long- and short-run periods. It was revealed that income has a significant positive relationship with health both in the long run and in the short run, implying that income is a major protecting factor against poor health. On the other hand, income inequality was found to have a significant negative relationship with health in Nigeria, both in the long run and in the short run. Given the attendant impact of income and income inequality on population health, measures and programmes that guarantee adequacy of income and ensure equitable distribution of income should be core components of the economic policies of the Nigerian government.

Suggested Citation

  • Ibrahim Abidemi Odusanya & Bukunmi Agboola, 2017. "Income, Income Inequality and Health: Evidence from Nigeria," Business & Management Compass, University of Economics Varna, issue 4, pages 345-361.
    • Handle: RePEc:vrn:journl:y:2017:i:4:p:345-361
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    Citations

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    Cited by:

    1. Ademola Obafemi Young, 2019. "Growth Impacts of Income Inequality: Empirical Evidence From Nigeria," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(3), pages 226-262, December.

    More about this item

    Keywords

    Income; income inequality; health outcomes; cointegration; Nigeria;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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