The study outlines the impact of healthcare expenditure by BRICS nations on socio-economic indicators and vice versa. The relationship has been established by performing a correlation analysis followed by an Augmented Dickey-Fuller test for stationarity, a Granger's Causality test for casual relationships, and a regression analysis to quantify the impact. The data analysis has been done using time series data from World Bank and using Excel and R Studio
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Keya Patel - (2024) studied this question.
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