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The life expectancy–economic growth nexus in Nigeria: the role of poverty reduction

Health improvement is a crucial determinant of economic growth; however, the impact of health on economic growth is affected by the level of poverty in any nation. Previous studies have focused more on the health–growth nexus, but the role of poverty reduction and the threshold of health required to...

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Detalles Bibliográficos
Autores principales: Lawanson, Olukemi I., Umar, Dominic Ikoh
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer International Publishing 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8427147/
https://www.ncbi.nlm.nih.gov/pubmed/34778818
http://dx.doi.org/10.1007/s43546-021-00119-9
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author Lawanson, Olukemi I.
Umar, Dominic Ikoh
author_facet Lawanson, Olukemi I.
Umar, Dominic Ikoh
author_sort Lawanson, Olukemi I.
collection PubMed
description Health improvement is a crucial determinant of economic growth; however, the impact of health on economic growth is affected by the level of poverty in any nation. Previous studies have focused more on the health–growth nexus, but the role of poverty reduction and the threshold of health required to mitigate the effect of poverty on economic growth were missing. This paper, therefore, examined the life expectancy–growth nexus and the role of poverty reduction with the view to determine the contribution of health to growth and poverty reduction and the threshold of health required to mitigate the adverse effect of poverty on economic growth in Nigeria. Based on the endogenous growth theoretical approach, the link between life expectancy, poverty incidence, and economic growth was estimated using the fully modified ordinary least square method. Findings showed that health contributes positively to economic growth and also mitigates the adverse effect of poverty on economic growth in Nigeria. The study determined the minimum threshold of life expectancy of 64.4 years as a health improvement annual benchmark. Therefore, for Nigeria to achieve sustainable economic growth and significant poverty reduction, policies aimed at achieving the newly determined health improvement threshold from the current annual average of 47.8 years are fundamental.
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spelling pubmed-84271472021-09-09 The life expectancy–economic growth nexus in Nigeria: the role of poverty reduction Lawanson, Olukemi I. Umar, Dominic Ikoh SN Bus Econ Original Article Health improvement is a crucial determinant of economic growth; however, the impact of health on economic growth is affected by the level of poverty in any nation. Previous studies have focused more on the health–growth nexus, but the role of poverty reduction and the threshold of health required to mitigate the effect of poverty on economic growth were missing. This paper, therefore, examined the life expectancy–growth nexus and the role of poverty reduction with the view to determine the contribution of health to growth and poverty reduction and the threshold of health required to mitigate the adverse effect of poverty on economic growth in Nigeria. Based on the endogenous growth theoretical approach, the link between life expectancy, poverty incidence, and economic growth was estimated using the fully modified ordinary least square method. Findings showed that health contributes positively to economic growth and also mitigates the adverse effect of poverty on economic growth in Nigeria. The study determined the minimum threshold of life expectancy of 64.4 years as a health improvement annual benchmark. Therefore, for Nigeria to achieve sustainable economic growth and significant poverty reduction, policies aimed at achieving the newly determined health improvement threshold from the current annual average of 47.8 years are fundamental. Springer International Publishing 2021-09-09 2021 /pmc/articles/PMC8427147/ /pubmed/34778818 http://dx.doi.org/10.1007/s43546-021-00119-9 Text en © The Author(s), under exclusive licence to Springer Nature Switzerland AG 2021 This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Original Article
Lawanson, Olukemi I.
Umar, Dominic Ikoh
The life expectancy–economic growth nexus in Nigeria: the role of poverty reduction
title The life expectancy–economic growth nexus in Nigeria: the role of poverty reduction
title_full The life expectancy–economic growth nexus in Nigeria: the role of poverty reduction
title_fullStr The life expectancy–economic growth nexus in Nigeria: the role of poverty reduction
title_full_unstemmed The life expectancy–economic growth nexus in Nigeria: the role of poverty reduction
title_short The life expectancy–economic growth nexus in Nigeria: the role of poverty reduction
title_sort life expectancy–economic growth nexus in nigeria: the role of poverty reduction
topic Original Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8427147/
https://www.ncbi.nlm.nih.gov/pubmed/34778818
http://dx.doi.org/10.1007/s43546-021-00119-9
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