4.5 Article

Spending to grow or growing to spend? Relationship between public health expenditure and income of Indian states

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Summary: The study found that increasing health spending in response to the COVID-19 pandemic can promote economic growth in developing countries. Specifically, the increase in public and private domestic health expenditure can lead to positive income growth, while external inflows of health expenditure do not have the same impact. Furthermore, this positive impact is enhanced by higher levels of human and physical capital.

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