International Journal of Research in Finance and Management
2019, Vol. 2, Issue 1
An empirical investigation of health care expenditure and national income in Togo
Ignatius Abasimi and Martin AY Agbassou
This empirical study examined the health care expenditure and national income in Togo, more unambiguously, the study investigated the determinants of health expenditure and national income in Togo economy. The results from the ordinary least squares (OLS) method revealed that the proportion of population aged between 0-14, GDP per capita and total fertility rate are significant in explaining the changes in real health care expenditure per capita in Togo. More conceivably, the empirical outputs showed that healthcare expenditure is a luxury good, because the coefficient of the natural log of GDP per capita variable was greater than one in the studied area. The findings of the study exhibited considerably perverse relationship between health care expenditure and national income in Togo health industry.