Public Spending on Health, Reduction of Poverty and Millennium Development Goals Achievement in Nigeria: A Computable General Equilibrium-Micro Simulation (CGE-MS) Approach
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Date
2015
Authors
Odior, E.S.O.
Journal Title
Journal ISSN
Volume Title
Publisher
International Journal of Economics, Commerce and Management
Abstract
This study examines the effect of public spending policy on the basic health services in the reduction of poverty and in achievement of millennium development goals in Nigeria. The main aim of this study is to explore how public spending on basic health services can help to attain the United Nations, Millennium Development Goals (MDG) in terms of improving health services and in reducing poverty in Nigeria. The study employs a dynamic CGE-MS method in analysing the likely effects of an increased in public spending or expenditure on health in Nigeria. It was found that it will be very hard for Nigeria to attain the Millennium Development Goals target, in terms of health and reduction of poverty by the year 2015, because the policy measure in our analysis was unable to meet this goal. However, the simulated analysis shows that if government resources are redirected to public health systems, this will go a long way is in determining the reduction of poverty in Nigeria. The study suggested that, for Nigeria government to attain the MDG in terms of health service and in reduction of poverty, public expenditure on health should be considered as an important issue in the public investment portfolio.
Description
Keywords
Public Spending on Health , Poverty , MDGs , CGE-MS Model
Citation
Odior, E. S. O (2015), “Public Spending on Health, Reduction of Poverty and Millennium Development Goals Achievement in Nigeria: A Computable General Equilibrium-Micro Simulation (CGE-MS) Approach” International Journal Of Economics, Commerce And Management (IJECM), Vol. 3, Issue. 2, United Kingdom, Pp, 1 – 19