Preliminary communication

https://doi.org/10.22598/pi-be/2020.14.1.77

HEALTH EXPENDITURE AND ECONOMIC GROWTH: IS THE HEALTHLED GROWTH HYPOTHESİS SUPPORTED FOR SELECTED OECD COUNTRIES?

Ayşe Özge Artekin ; Ph.D. Candidate at Selçuk University, Department of Finance Banking and Insurance, Yunak Vocational School, Turkey
Sevilay Konya ; Selçuk University, Department of Management and Organization, Taşkent Vocational School, Turkey

Abstract

The aim of this study was to investigate the health-led growth hypothesis in
selected 19 OECD countries. Therefore, in this study, different cointegration tests were
applied to investigate the relationship between health expenditures and economic
growth for the period 1980-2017. The coefficients of the panel regression equation were
estimated by the fixed effect method. According to the results, long-term relationship
between health expenditures and economic growth was found. Health-led growth
hypothesis for selected OECD countries (Australia, Austria, Belgium, Canada,
Denmark, Finland, Iceland, Ireland, Japan, Korea, Netherlands, Norway, Portugal,
Spain, Sweden, Switzerland, Turkey, United Kingdom, United States) are supported.
That is, a long-term relationship between health expenditure and economic growth has
been found.

Keywords

Health-Led Growth; Cointegration Test; OECD Countries.

Hrčak ID:

239248

URI

https://hrcak.srce.hr/239248

Publication date:

17.6.2020.

Article data in other languages: croatian

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