- Title
- Health capital and labour productivity in selected Southern African Development Community (SADC) Countries
- Creator
- Mafunda, Lihle Andiswa
- Description
- Health plays a critical role in economic development, as it directly affects productivity and ultimately leads to higher per capita income. Within the Southern African Development Community (SADC) countries, health capital has immense significance for labour productivity, serving as a catalyst for growth. This study investigated the relationship between health capital and labour productivity in selected SADC countries from 2000 to 2020, with the chosen period primarily based on data availability and coverage for the selected countries during this timeframe. To accomplish this, the study employed the panel autoregressive distributed lag (ARDL) models and techniques, which leverage the advantages of panel data and ARDL models, enabling the analysis of both short-run and long-run relationships, providing a comprehensive understanding of the dynamics between variables over time. The data for the study period was obtained from a single reliable source, The Global Economy, ensuring credibility. The primary finding from the pooled mean group (PMG) estimator indicates a positive and significant relationship between health capital and labour productivity in the short run, suggesting that investments in healthcare can boost productivity. However, contrary to the expected theory and prior assumptions, the long-run findings reveal a negative and significant relationship. This discrepancy highlights the complexity of the health-productivity relationship and necessitates further investigation to comprehend the underlying mechanisms and design effective policy interventions. Policymakers must carefully consider these mixed findings and tailor their strategies accordingly to promote both health and productivity in the long term. It is crucial to strike a balance between immediate gains and sustainable long-term outcomes.
- Description
- Thesis (Masters) -- Faculty of Economics and Financial Sciences, 2023
- Date
- 2023-00
- Subject
- Masters of commerce
- Type
- Masters theses, text
- Identifier
- http://hdl.handle.net/11260/10116
- Identifier
- vital:74937
- Format
- computer, online resource, application/pdf, 1 online resource (87 pages), pdf
- Publisher
- Walter Sisulu University, Faculty of Economics and Financial Sciences
- Language
- English
- Rights
- Faculty of Economic Sciences and Finance, All Rights Reserved, Open Access
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| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details | SOURCE1 | Mafunda, A Final Dissertation - Sept23.pdf | 1 MB | Adobe Acrobat PDF | View Details |