DOES CARBON EMISSION, ENERGY CONSUMPTION AND INCOME MATTER? INVESTIGATING FACTORS AFFECTING HEALTHCARE EXPENDITURE AMONG 61 NATIONS

Sabina Ampon-Wireko, Lulin Zhou, Lamini Dauda, Xinglong Xu, Ebenezer Larnyo and Edmund Nkrumah Nana Kwame
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Sabina Ampon-Wireko: Faculty of Health and Allied Science, Catholic University College, Box 363, Sunyani, Ghana2School of Management, Jiangsu University, Zhenjiang 212013, P. R. China
Lulin Zhou: Faculty of Health and Allied Science, Catholic University College, Box 363, Sunyani, Ghana2School of Management, Jiangsu University, Zhenjiang 212013, P. R. China
Lamini Dauda: Faculty of Health and Allied Science, Catholic University College, Box 363, Sunyani, Ghana2School of Management, Jiangsu University, Zhenjiang 212013, P. R. China
Xinglong Xu: Faculty of Health and Allied Science, Catholic University College, Box 363, Sunyani, Ghana2School of Management, Jiangsu University, Zhenjiang 212013, P. R. China
Ebenezer Larnyo: Faculty of Health and Allied Science, Catholic University College, Box 363, Sunyani, Ghana2School of Management, Jiangsu University, Zhenjiang 212013, P. R. China
Edmund Nkrumah Nana Kwame: Faculty of Health and Allied Science, Catholic University College, Box 363, Sunyani, Ghana2School of Management, Jiangsu University, Zhenjiang 212013, P. R. China

The Singapore Economic Review (SER), 2023, vol. 68, issue 06, 2151-2167

Abstract: Empirical studies on the effects of carbon emissions on population health are still in their infancy and its true implications have not yet been fully understood. The purpose of this study is to conduct a comparative analysis on the relationship between carbon emissions, energy consumption, income and public healthcare expenditure in Organisation for Economic Co-operation and Development (OECD) and non-OECD countries. The empirical research employs the dynamic common correlated effects of mean group (DCCEMG) and two-stage least square estimators. The findings indicate that carbon emissions increase healthcare spending only in non-OECD countries. The relationship between energy consumption and health expenditure varies significantly between OECD and non-OECD countries. Income increases health expenditure; however, the correlation is more robust in the OECD than in non-OECD countries. As a result, the findings recommend that non-OECD governments implement strategic environmental management policies that prioritize clean and healthy air to reduce healthcare costs.

Keywords: Carbon emission; energy consumption; healthcare expenditure; economic growth; dynamic common correlated effects mean group (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1142/S0217590823500030

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