The Impact of Per Capita Income on the Health Care Cost in Ghana
DOI:
https://doi.org/10.47604/ijecon.1821Keywords:
Impact, Per Capita Income, Health Care CostAbstract
Purpose: This study was intended to study the impact of per capita income on health care cost. The objective of the study was to examine the relationship between per capita income and health care cost of patients. Secondary data sources were used and data was analyzed using the regression statistical tool at 5% level of significance which was presented in frequency tables and percentage. The study majorly focuses on the statistical relationship between per capita income and health care cost in Ghana.
Methodology: This study adopted both descriptive and explanatory research design. This study utilizes secondary data extracted from respondents used for the study. With the secondary data collected, returns on assets and equity for the relevant years were computed.
Findings: The study findings revealed that there is a relationship between per capita income and health care cost in Ghana; based on the findings from the study, efforts should be made by the Ghanian government and stakeholders in ensuring an affordable health care cost for all irrespective of class and social standing.
Unique Contribution to Theory, Practice and Policy: The study recommends that the health care cost should be directly proportional to the monthly income of the people in Ghana.
Downloads
References
B. H. Baltagi and F. Moscone, "Health care expenditure and income in the OECD reconsidered: evidence from panel data," Economic Modelling, vol. 27, no. 4, pp. 804-811, 2010.
H. Herwartz and B. Theilen, "The determinants of health-care expenditure: new results from semiparametric estimation," Health Economics, vol. 19, no. 8, pp. 964-978, 2010.
J. P. Newhouse, "Medical-care expenditure: a cross-national survey," Journal of Human Resources, vol. 12, no. 1, pp. 115-125, 1977.
K. P. Gbesemete and U.-G.Gerdtham, "Determinants of health care expenditure in Africa: a cross-sectional study," World Development, vol. 20, no. 2, pp. 303-308, 1992.
L. Di Matteo, "The income elasticity of health care spending: a comparison of parametric and nonparametric approaches," European Journal of Health Economics, vol. 4, no. 1, pp. 20-29, 2003.
L. P. Santiago, C. P. David, and B. F. Carla, "On the relationship between GDP and health care expenditure: a new look," Economic Modelling, vol. 32, pp. 124-129, 2013.
M. Okoro, "Health care expenditure and GDP: an international panel smooth transition approach, vol. 4, no. 1, pp. 189-200, 2012.
P. Y. Crmieux, P. Ouellette, and C. Pilon, "Health care spending as determinants of health outcomes,"Health Economics, vol. 8, pp. 627-639, 1999.
S. Gupta, M. Verhoeven, and E. R. Tiongson, "The effectiveness of government spending on education and health care in developing and transition economies," European Journal of Political Economy, vol. 18, no. 4, pp. 717-737, 2002.
T. Hitiris, "Health care expenditure and integration in the countries of the European Union," Applied Economics, vol. 29, no. 1, pp. 1-6, 1997.
V. C. Jaunky and A. J. Khadaroo, "Health care expenditure and GDP: an African perspective," Applied Econometrics and International Development, vol. 8, no. 1, pp. 131-146, 2008.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Mr Amposah Abriham
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution (CC-BY) 4.0 License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
