Raifu, Isiaka Akande; Opeloyeru, Olaide; Agbatogun, Kehinde - 2023
rate, the unemployment rate, and the output gap are employed as proxies for the business cycle, while domestic general … the measures of the business cycle have a negative impact on health expenditure in the short run (countercyclical …). However, in the long run, the business cycle captured by real GDP growth rate and output gap has a positive effect (favourable …