Open AccessPUBLIC INVESTMENT ON HEALTH SERVICES AND ITS DETERMINANTS IN MIZORAM: AN EMPIRICAL ANALYSIS
Author(s) -
Dr.Lalfakawmi
Publication year - 2020
Publication title -
epra international journal of economic and business review
Language(s) - English
Resource type - Journals
eISSN - 2349-0187
pISSN - 2347-9671
DOI - 10.36713/epra3096
Subject(s) - health care , investment (military) , human capital , public health , public economics , business , goods and services , economic growth , economics , population , public expenditure , government (linguistics) , public finance , environmental health , political science , medicine , market economy , nursing , politics , law , macroeconomics , linguistics , philosophy
The health of human capital generates both higher income and individual well-being. Improved health generates economic growth and poverty reduction in the long- run. Good health is universally acknowledge being of intrinsic value and, therefore, constitutes an integral element of development. The expenditure on health is revealed as a kind of investment in human capital. Government has almost exclusive responsibility for providing public goods that create large positive externalities. Despite differences of opinion about the role of the government in health care, it seems that there is unanimity of view that universal access and equity are dependent on the government financial support of basic health care. The access to health services has to be need and state specific, depending on the socio-economic conditions, health outcomes and administrative capacity. Attempt is made in this paper to analyze the growth of public investment on health services and its determinants in Mizoram. The study shows that there has been commendable growth of public investment on health services, both in current and constant prices. It is further observed that there is more than proportional increase of public health expenditures with respect to population, while it is almost proportional to total budget of the state, and less than proportional to GSDP.KEYWORDS: health services, economic growth, public investment/expenditure, determinants.