Testing the Cointegrating Relationship between Foreign Exchange Rate Volatility and Government Health Expenditure

IF 3 Q2 BUSINESS, FINANCE

Journal of Public Budgeting, Accounting and Financial Management Pub Date : 2023-09-13 DOI:10.56201/jafm.v9.no2.2023.pg45.61

Olubunmi Omotayo EFUNTADE, Alani Olusegun EFUNTADE

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引用次数: 0

Abstract

This paper examined the relationship between government health care expenditure and foreign exchange rate volatility in Nigeria for the period 1993-2022. We employed the multivariate cointegration technique proposed by Johansen and found the existence of at least one cointegrating vector describing a long run relationship between government health care expenditure and foreign exchange rate volatility. It is therefore suggested that an appreciable proportion of the national budget be allocated to the health care services to have a more robust health care programmes capable of fostering health development in Nigeria. The research was conducted with an objective to understand the dynamics between healthcare expenditures and the volatility in foreign exchange rate with a focus on Nigeria, enabling better policy making. The overall conclusion is that the Nigerian government health expenditure is largely dependent that its healthcare policy is not stable and sufficient is not largely dependent on volatility foreign exchange rate. However, government health expenditure is a concern for Nigeria.

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汇率波动与政府卫生支出的协整关系检验

本文考察了1993-2022年期间尼日利亚政府卫生保健支出与汇率波动之间的关系。我们采用Johansen提出的多元协整技术，发现至少存在一个协整向量，描述政府医疗保健支出与外汇汇率波动之间的长期关系。因此，建议将相当一部分国家预算分配给保健服务部门，以便制订更有力的保健方案，促进尼日利亚的保健发展。进行这项研究的目的是了解医疗保健支出与外汇汇率波动之间的动态关系，重点是尼日利亚，以便更好地制定政策。总的结论是，尼日利亚政府的卫生支出在很大程度上取决于其卫生保健政策的不稳定和不充分，而不是很大程度上取决于汇率的波动。然而，政府卫生支出是尼日利亚的一个关切问题。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Public Budgeting, Accounting and Financial Management Social Sciences-Public Administration

CiteScore

7.80

自引率

19.40%

发文量

期刊介绍： Published four times a year, the Journal of Public Budgeting, Accounting & Financial Management (JPBAFM) is an international refereed journal which aims at advancement and dissemination of research in the field of public budgeting, accounting, auditing, financial and performance management. The journal is committed to be an outlet for rigorous conceptual and empirical works aimed at challenging and innovating the field of accounting, management and governance in entities operating in the public sphere or public-private sphere (territorial government entities, universities, schools, hospitals as well as state-owned enterprises, hybrid organizations, public and private partnerships, non-profit organizations, NGOs, etc.).