Fiscal Policy Determinants of Health Spending in India: State Versus Center
| Autor: | DEEPAK KUMAR BEHERA, DIL BAHADUR RAHUT, UMAKANT DASH |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2024 |
| Předmět: | |
| Zdroj: | Asian Development Review, Vol 41, Iss 02, Pp 325-347 (2024) |
| Druh dokumentu: | article |
| ISSN: | 01161105 1996-7241 0116-1105 |
| DOI: | 10.1142/S0116110524500100 |
| Popis: | This study uses data from 1986 to 2021 and the auto-regressive distributed lag model to explore India’s fiscal policy determinants of government health spending. The results find two structural breaks in time: (i) 2002 for state government health spending (SGHS) and (ii) 2014 for central government health spending. The results also show that central revenue transfers to states have a positive and statistically significant effect on SGHS in the long run. The results imply that a 1% rise in central revenue transfers to states leads to a 0.399% increase in SGHS. Further, state government public debt exhibits a negative and statistically significant relationship with SGHS, implying that a 1% rise in public debt leads to a 0.119% fall in SGHS in the long run. Fiscal management (i.e., revenue mobilization and debt sustainability) is essential to prepare a long-term strategy for health-care financing. |
| Databáze: | Directory of Open Access Journals |
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