Browsing by Author "Byaro, Mwoya"

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    Determinants of Public Health Expenditure Growth in Tanzania: An Application of Bayesian Model
    (African Journal of Economic Review, 2018-01) Kinyondo, Abel; Byaro, Mwoya; Musonda, Patrick; Michello, Charles
    This paper identifies some major drivers of per capita public health expenditure growth in Tanzania using nationally representative annual data between 1995 and 2014. It used Bayesian model based on Markov Chain Monte Carlo (MCMC) simulation. The empirical result shows that both the real GDP per capita and population age 65 years and older exert a positive effect on per capita public health expenditure growth in Tanzania. Advances in medical technologies represented by life expectancy seem to reduce real per capita public health expenditure growth in Tanzania. However, the credible intervals for life expectancy and population age 65 years and older are very wide suggesting a lot of uncertainty with these estimates. The results imply that, future trends in per capita public health spending would mainly depend on the development of the economy such as real per capita gross domestic product. The result suggests the rapid growth in real per capita public health expenditure is likely to continue in future when the country economy becomes more robust and increase of population age 65 years and above.
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    Economic Growth and Under-Five Malaria Mortality in Tanzania Mainland: From Correlation Analysis to Causality
    (International Journal of Health, 2017) Kinyondo, Abel; Byaro, Mwoya; Musonda, Patrick
    This paper establishes empirical evidence related with correlation and causality between economic growth (as measured by GDP per capita) and under-five malaria mortality in Tanzania Mainland. The goal is to contribute knowledge on the existing relationship between economic growth and under-five malaria mortality. Correlation and scatter regression analysis plot were employed to find out the relationship among the (GDP per Capita), Insecticides Treated Nets (ITNs) distributed, Human Resources (physicians and nurses) and under-five malaria mortality from the year 2004 to 2015. Moreover, Granger Causality test was applied to test the causal link between the economic growth and under-five malaria Mortality. The economic growth (as measured by GDP per Capita) and number of ITNs distributed under various malaria campaigns have significant unidirectional causality to under-five malaria mortality while there is no causality evidence between human resource for health (physicians and nurses) and under-five malaria mortality despite the observed correlation relationship. Since economic growth and ITNs have unidirectional causal link with under-five malaria mortality, it implies that any changes in GDP per Capita and ITNs will change under-five malaria mortality. The researchers and policy makers need to gather more evidence on ITNs and economic growth to assess the risk of under-five malaria mortality to inform decision making.
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    The Relationship between Stock Market Capitalization and Money Demand in Tanzania: Evidence from ARDL Approach and Granger Causality Test
    (International Journal of World History and Economics, 2015) Kinyondo, Abel; Byaro, Mwoya
    This paper investigates the relationship between stock market capitalization (MC) and money demand in Tanzania between 2000 and 2010. Findings show the presence of a long-run relationship between MC, extended broad money (M3) and interest rate when real GDP serves as dependent variable. Furthermore, saving deposit rate/real interest rate, M3 and MC variables were found to have a positive and significant influence on real GDP. However, the study captures the absence of long-run relationship between MC and money demand when M3 act as dependent variable. Also the study found a unidirectional relationship between MC and real GDP with causality running from MC to real GDP. This suggests that MC plays a vital role in promoting economic growth in Tanzania. Moreover bidirectional causality between M3 and MC was found. This implies that MC has an impact on M3 in the short run. In turn, unidirectional causality running from broad money (M2) to MC was found meaning M2 has an impact on MC growth. Given the obvious impact of MC in economic growth in Tanzania, the paper concludes by strongly recommending for policies geared towards promoting MC growth including controlled expansionary monetary policies.