ISSN: 2226-3624
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Using the Autoregressive Distributed Lag (ARDL) technique, this study examines the short- and long-term links between private hospital spending and economic growth in Malaysia. It is critical to comprehend how the growing investment in private healthcare affects economic indices such as GDP, employment, and health outcomes. Improved healthcare services boost worker productivity and overall economic performance, according to the data, which shows a strong positive correlation between GDP growth and private hospital spending. According to the findings, private healthcare investment has even more significant long-term consequences than short-term ones, highlighting the necessity of consistent spending in this area. To promote economic development, policymakers should give private healthcare investments top priority. They can do this by enacting measures like incentives for the expansion of private hospitals, strengthening regulatory frameworks, and encouraging public-private partnerships. This study adds to the body of knowledge on healthcare economics and emphasizes how crucial private healthcare spending is to Malaysia's economic development.
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