Journal of Economics and Development Studies

Nexus between Health, Education Expenditure and Economic Growth in Mali
Breïma TRAORE, Ibrahima MAÏGA

Abstract
In this paper we analyze the effects of spending on health and education on economic growth in Mali using flow and stock data from the World Bank, UNESCO, WHO and Polity IV and Hunan Rigths Watch covering the period 1980 to 2020. An ARDL model is used. The results of this model indicate that the flow variable (spending on health and education) and the stock variable act negatively on economic growth in both the short and long term. The Toda & Yamamoto (1995) test defines a lack of causality between the flow variable and growth in Mali. On the other hand, the education or stock variable indirectly causes the real GDP growth rate through the country's socio-political stability. In other words, the more people have the chance to go to school, the less socio-political instability there will be. The authorities should jointly step-up investment in the education and health sectors to improve the quality of services, if they are to have a positive impact.

Full Text: PDF     DOI: 10.15640/jeds.v10n1a5