Have a personal or library account? Click to login
Public Health Investment, Human Capital Accumulation, and Labour Productivity: Evidence from West Africa Cover

Public Health Investment, Human Capital Accumulation, and Labour Productivity: Evidence from West Africa

Open Access
|Nov 2022

Abstract

The study of public health investment, human capital accumulation, and labour productivity are essential in formulating policies that drive economic development. This study examines the individual and interactive effects of public health investment and human capital accumulation and the interactive effect of human capital accumulation and financial opportunity on labour productivity in West Africa from 1992 to 2020, respectively. The interactive effect of human capital accumulation and financial opportunity has not been given any attention in the literature. The following findings are apparent in the study: One, public health Investment and human capital accumulation positively affect labour productivity in the short and long run. Two, the interactive effect of human capital accumulation and public Health Investment positively and significantly affect labour productivity in the short and long run. Lastly, the interactive effect of human capital accumulation and financial opportunity positively and significantly affects labour productivity in the short and long run. Hence, we suggest that economic policy be formulated to ensure that affordable healthcare and financial opportunity are available, together with human capital accumulation, to fast-track the normalization of the economy.

DOI: https://doi.org/10.2478/zireb-2022-0019 | Journal eISSN: 1849-1162 | Journal ISSN: 1331-5609
Language: English
Page range: 139 - 163
Published on: Nov 20, 2022
Published by: University of Zagreb, Faculty of Economics & Business
In partnership with: Paradigm Publishing Services
Publication frequency: 2 issues per year

© 2022 Obaika Ohikhuare, Oluwatomisin Oyewole, Adedayo Adedeji, published by University of Zagreb, Faculty of Economics & Business
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.