Impact of Health Spending on Economic Growth: Case of France

Abstract

This paper intends to shows that health expenditure is a fundamental determinant of economic growth of every nation and that increasing expenditure on health leads to higher growth rates. For this reason, we empirically validated the impact of health spending on economic growth in France. Hence, we have found that health spending has a positive impact on economic growth, that is to say, any increase in this spending generates an augment in French economic growth. Also, we deduce that France must further improve the health insurance system and raise health care spending, given its importance for economic growth and well-being.