Izvorni znanstveni članak
https://doi.org/10.54820/entrenova-2022-0010
The impact of health capital on economic growth in the Balkan countries
Uršula Kaštelan
; University of Zagreb, Faculty of Economics and Business, Croatia
Milena Konatar
; Faculty of Economics, University of Montenegro, Montenegro
Sažetak
This study estimates the impact of health capital on economic growth in 10 Balkan countries over the 2000-2019 period. We used panel autoregressive distributed lag (ARDL) of a pooled mean group (PMG) to examine this relationship. Our results revealed that economic growth responds to short-term and long-term health capital changes. Estimation results indicate a positive relationship between health capital and the economic growth of Balkan countries. According to the results, increased health expenditure stimulates higher economic growth and development. The findings imply the need to formulate policies that assign higher priority to the healthcare sector, which would help sustain future economic growth in Balkan countries.
Ključne riječi
health expenditure; economic growth; Balkan countries; panel ARDL model
Hrčak ID:
285354
URI
Datum izdavanja:
10.11.2022.
Posjeta: 231 *