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Systemic health care failure as a symptom of Market Failure in Sierra Leone

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  • Jackson, Emerson Abraham
Abstract
The article has provided an unbiased discourse on the subject of market failure, with focus on the health service system (HSS) in Sierra Leone. It is acknowledged that market failure in the country’s HSS is a real concern that has gone unchecked for decades by successive governments. In view of the prevailing conditions, it is hereby noted in this article that government failure is to be blamed for poor conditions experienced in the health sector. The issue of squeezed funding to manage the HSS must be revisited in order to address critical concerns of health in the country. Most important to this is the continued existence of rent-seeking which health professionals have thrived on, thereby making it much more of a free riding venture on which health professionals have hedged on to increase profit share, while (unknowingly) depriving the poor and needy from being able to utilise affordable services in state funded hospitals / health care centres. While it is also a fact that rent-seeking has been on the rise, it is also noted in the article that conditions of service has fallen behind of what is needed for health professionals to maintain decent living, and hence the need for government to intervene in mitigating perpetual government failure in the country’s HSS.

Suggested Citation

  • Jackson, Emerson Abraham, 2019. "Systemic health care failure as a symptom of Market Failure in Sierra Leone," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue Forthcomi.
    • Handle: RePEc:zbw:espost:202548
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    File URL: https://www.econstor.eu/bitstream/10419/202548/1/Market-Failure-in-the-Health-Sector_new.pdf
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    References listed on IDEAS

    as
    1. Jackson, Emerson Abraham & Jabbie, Mohamed, 2019. "Understanding Market Failure in the Developing Country Context," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 1-10.
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    3. Thierry Verdier & Daron Acemoglu, 2000. "The Choice between Market Failures and Corruption," American Economic Review, American Economic Association, vol. 90(1), pages 194-211, March.
    4. Jackson Emerson Abraham, 2017. "Economics of NHS Cost-Saving and its Morality on the ‘Living Dead’," Journal of Heterodox Economics, Sciendo, vol. 4(1), pages 1-10, June.
    5. Joseph Hanlon, 2005. "Is the International Community Helping to Recreate the Pre-Conditions for War in Sierra Leone?," WIDER Working Paper Series RP2005-50, World Institute for Development Economic Research (UNU-WIDER).
    6. R. G. Lipsey & Kelvin Lancaster, 1956. "The General Theory of Second Best," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 24(1), pages 11-32.
    7. Robert W. Turner, 2002. "Market Failures and the Rationale for National Parks," The Journal of Economic Education, Taylor & Francis Journals, vol. 33(4), pages 347-356, December.
    8. Stubbs, Thomas & Kentikelenis, Alexander & Stuckler, David & McKee, Martin & King, Lawrence, 2017. "The impact of IMF conditionality on government health expenditure: A cross-national analysis of 16 West African nations," Social Science & Medicine, Elsevier, vol. 174(C), pages 220-227.
    9. Samuel Bowles & Herbert Gintis, 1996. "Efficient Redistribution: New Rules for Markets, States, and Communities," Politics & Society, , vol. 24(4), pages 307-342, December.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Jackson, Emerson Abraham, 2020. "Importance of the Public Service in Achieving the UN SDGs," MPRA Paper 101806, University Library of Munich, Germany, revised 02 Jun 2020.
    2. Emerson JACKSON & Mohamed JABBIE, 2020. "Twin Deficits Hypothesis as an Indication of Government Failure in Sierra Leone: An Empirical Investigation (1980-2018)," Journal of Economic Policy Researches, Istanbul University, Faculty of Economics, vol. 7(1), pages 42-68, January.
    3. Jackson, Emerson Abraham & Jabbie, Mohamed, 2020. "Import Substitution Industrialization [ISI]: An approach to Global Economic Sustainability," MPRA Paper 102316, University Library of Munich, Germany, revised 03 Jul 2020.
    4. Jackson, Emerson Abraham & Tamuke, Edmund & Jabbie, Mohamed, 2019. "Disaggregated Short-Term Inflation Forecast (STIF) for Monetary Policy Decision in Sierra Leone," MPRA Paper 96735, University Library of Munich, Germany, revised 26 Nov 2019.

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    More about this item

    Keywords

    Market Failure; Health Care System; Rent-seeking; Sierra Leone;
    All these keywords.

    JEL classification:

    • H40 - Public Economics - - Publicly Provided Goods - - - General
    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General

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