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SAĞLIK HARCAMALARI, EKONOMİK BÜYÜME VE CO2 EMİSYONU: OECD ÜLKELERİNDEN KANITLAR

Year 2019, Issue: 31, 488 - 516, 26.03.2019
https://doi.org/10.14520/adyusbd.477571

Abstract

Bu
çalışmada seçilmiş 26 OECD ülkesinin 1992 ile 2014 dönemi arasında sağlık
harcamaları, ekonomik büyüme ve CO2 emisyonu arasındaki ilişkiler
araştırılmıştır. Bu amaçla kullanılacak panel yöntemlerini seçebilmek için
değişkenlerin ve panelin yatay kesit bağımlılığı belirlenmiştir. Değişkenlerde
ve panelde yatay kesit bağımlılığı olması sebebiyle kullanılan panel birim kök
ve eşbütünleşme testinin ikinci nesil testlerden seçilmiştir. Değişkenlerin
I(1) mertebede durağanlıkları tespit edilmiştir. Ayrıca modelde eşbütünleşme
ilişkisi tespit edilmiştir. Eşbütünleşme katsayılarının tahmin sonuçlarına göre
ekonomik büyüme ve CO2 emisyonunun esneklik katsayıları sırasıyla 0.188
ve 0.012 olarak tahmin edilmiştir. VECM Granger nedensellik analizi sonuçlarına
göre ekonomik büyüme sağlık harcamalarının nedenseli, CO2 emisyonu
sağlık harcamalarının nedenseli, ekonomik büyüme CO2 emisyonunun
nedenselidir. Uzun dönem nedensellik analizine göre ise ekonomik büyüme ve CO2
emisyonundan sağlık harcamalarına doğru nedensellik ilişkisi tespit edilmiştir.

References

  • Abel-Smith, B. (1967). “An International Study of Health Expenditure.” World Health Organisation (Public Health Papers No. 32), Geneva.
  • Akbostancı, E., Türüt-Aşık, S., & Tunç, G. İ. (2009). “The relationship between income and environment in Turkey: is there an environmental Kuznets curve?.” Energy policy, 37(3):861-867.
  • Amiri, A., & Ventelou, B. (2012). “Granger causality between total expenditure on health and GDP in OECD: Evidence from the Toda–Yamamoto approach.” Economics Letters, 116(3):541-544.
  • Bakare, A. A., & Olubokun, S. (2011). “Health care expenditure and economic growth in Nigeria: An empirical study.” Journal of Emerging Trends in Economics and Management Sciences (JETEMS), 2(2):83-87.
  • Balaji, B. (2011). “Causal nexus between public health expenditure and economic growth in four southern Indian states.” IUP Journal of Public Finance, 9(3):7-22.
  • Baltagi, B. H., & Moscone, F. (2010). “Health care expenditure and income in the OECD reconsidered: Evidence from panel data.” Economic modelling, 27(4):804-811.
  • Baltagi, B. H., & Moscone, F. (2010). “Health care expenditure and income in the OECD reconsidered: Evidence from panel data.” Economic modelling, 27(4):804-811.
  • Beatty, T. K., & Shimshack, J. P. (2014). “Air pollution and children's respiratory health: A cohort analysis.” Journal of Environmental Economics and Management, 67(1):39-57.
  • Bengochea-Morancho, A., Higon-Tamarit, F., & Martínez-Zarzoso, I. (2001). “Economic growth and CO2 emissions in the European Union.” Environmental and Resource Economics, 19(2):165-172.
  • Breusch, T. S., & Pagan, A. R. (1980). “The Lagrange multiplier test and its applications to model specification in econometrics.” The Review of Economic Studies, 47(1):239-253.
  • Chaabouni, S., Zghidi, N., & Mbarek, M. B. (2016). “On the causal dynamics between CO2 emissions, health expenditures and economic growth.” Sustainable cities and society, 22:184-191.
  • Cho, C. H., Chu, Y. P., & Yang, H. Y. (2014). “An environment Kuznets curve for GHG emissions: a panel cointegration analysis.” Energy Sources, Part B: Economics, Planning, and Policy, 9(2):120-129.
  • Cole, M. A. (2004). “Trade, the pollution haven hypothesis and the environmental Kuznets curve: examining the linkages.” Ecological economics, 48(1):71-81.
  • Coondoo, D., & Dinda, S. (2002). “Causality between income and emission: a country group-specific econometric analysis.” Ecological Economics, 40(3):351-367.
  • Engle, R. F., & Granger, C. W. (1987). “Co-integration and error correction: representation, estimation, and testing.” Econometrica: journal of the Econometric Society:251-276.
  • Galeotti, M., Lanza, A., & Pauli, F. (2006). “Reassessing the environmental Kuznets curve for CO2 emissions: A robustness exercise.” Ecological economics, 57(1):152-163.
  • Ghorashi, N., & Rad, A. A. (2017). “CO2 Emissions, Health Expenditures and Economic Growth in Iran: Application of Dynamic Simultaneous Equation Models.” Journal of Community Health Research, 6(2):109-116.
  • Grossman, G. M., & Krueger, A. B. (1995). “Economic growth and the environment.” The quarterly journal of economics, 110(2):353-377.
  • Herzer, D. (2016). “Unions and Income Inequality: A Heterogeneous Panel Co‐integration and Causality Analysis.” Labour, 30(3):318-346.
  • Im, K. S., Pesaran, M. H., & Shin, Y. (2003). “Testing for unit roots in heterogeneous panels.” Journal of econometrics, 115(1):53-74.
  • Janke, K., Propper, C., & Henderson, J. (2009). “Do current levels of air pollution kill? The impact of air pollution on population mortality in England.” Health economics, 18(9):1031-1055.
  • Kais, S. & Saida, Z. (2018). “Environmental pollution, Health expenditure and Economic growth and in the Sub-Saharan Africa countries: Panel ARDL approach.” Sustainable Cities and Society, 41:833-840.
  • Ke, X., Saksena, P., & Holly, A. (2011). “The determinants of health expenditure: a country-level panel data analysis.” Geneva: World Health Organization, 26.
  • Kleiman, E. (1974). “The determinants of national outlay on health. In The economics of health and medical care (pp. 66-88).” Palgrave Macmillan, London.
  • Lee, C. C., & Lee, J. D. (2009). “Income and CO2 emissions: evidence from panel unit root and cointegration tests.” Energy policy, 37(2):413-423.
  • Martínez-Zarzoso, I., & Maruotti, A. (2011). “The impact of urbanization on CO2 emissions: evidence from developing countries.” Ecological Economics, 70(7):1344-1353.
  • Nazlioglu, S., & Soytas, U. (2012). “Oil price, agricultural commodity prices, and the dollar: A panel cointegration and causality analysis.” Energy Economics, 34(4):1098-1104.
  • Newhouse, J. P. (1977). “Medical-care expenditure: a cross-national survey.” The Journal of Human Resources, 12(1):115-125.
  • Pesaran, M. H. (2004). “General Diagnostic Tests for Cross Section Dependence in Panels.” Cambridge Working Papers in Economics no. 435. University of Cambridge.
  • Pesaran, M. H. (2006). “Estimation and inference in large heterogeneous panels with a multifactor error structure.” Econometrica, 74(4):967-1012.
  • Pesaran, M. H. (2007). “A simple panel unit root test in the presence of cross‐section dependence.” Journal of applied econometrics, 22(2):265-312.
  • Pesaran, M. H., & Yamagata, T. (2008). “Testing slope homogeneity in large panels.” Journal of Econometrics, 142(1):50-93.
  • Sharma, S. S. (2011). “Determinants of carbon dioxide emissions: empirical evidence from 69 countries.” Applied Energy, 88(1):376-382.
  • Swamy, P. A. (1970). “Efficient inference in a random coefficient regression model.” Econometrica: Journal of the Econometric Society, 311-323.
  • Tang, C. F. (2011). “Multivariate granger causality and the dynamic relationship between health care spending, income and relative price of health care in Malaysia.” Hitotsubashi Journal of Economics, 199-214.
  • Wang, K. M. (2011). “Health care expenditure and economic growth: Quantile panel-type analysis.” Economic Modelling, 28(4):1536-1549.
  • Westerlund, J. (2008). “Panel cointegration tests of the Fisher effect.” Journal of Applied Econometrics, 23(2):193-23.

HEALTH EXPENDITURE, ECONOMIC GROWTH, AND CO2 EMISSIONS: EVIDENCE FROM THE OECD COUNTRIES

Year 2019, Issue: 31, 488 - 516, 26.03.2019
https://doi.org/10.14520/adyusbd.477571

Abstract

The
present study investigates the correlation between health expenditure, economic
growth, and CO2 emissions in 26 OECD countries during the period of
1992-2014. First of all, cross-sectional dependence of the variables and the
panel was assessed with a view to identify the panel methods usable for this
purpose. Given the prevalence of cross-sectional dependence regarding the
variables and the panel, the panel unit root and cointegration test was chosen
from among second generation tests. The variables were found to be stationary
at order I(1). Moreover, the model was found to exhibit a cointegration
relationship. In the light of estimations of the cointegration factors, the
elasticity coefficients of economic growth and CO2 emissions were
predicted to be 0.188 and 0.012 respectively. According to the results of VECM
Granger causality analysis, economic growth as well as CO2 emissions
are causative with respect to health expenditure, whereas economic growth, once
again, is causative with respect to CO2 emissions. A long-term
causality analysis, in turn, revealed a direct correlation whereby economic
growth and CO2 emissions lead to increased health expenditure.

References

  • Abel-Smith, B. (1967). “An International Study of Health Expenditure.” World Health Organisation (Public Health Papers No. 32), Geneva.
  • Akbostancı, E., Türüt-Aşık, S., & Tunç, G. İ. (2009). “The relationship between income and environment in Turkey: is there an environmental Kuznets curve?.” Energy policy, 37(3):861-867.
  • Amiri, A., & Ventelou, B. (2012). “Granger causality between total expenditure on health and GDP in OECD: Evidence from the Toda–Yamamoto approach.” Economics Letters, 116(3):541-544.
  • Bakare, A. A., & Olubokun, S. (2011). “Health care expenditure and economic growth in Nigeria: An empirical study.” Journal of Emerging Trends in Economics and Management Sciences (JETEMS), 2(2):83-87.
  • Balaji, B. (2011). “Causal nexus between public health expenditure and economic growth in four southern Indian states.” IUP Journal of Public Finance, 9(3):7-22.
  • Baltagi, B. H., & Moscone, F. (2010). “Health care expenditure and income in the OECD reconsidered: Evidence from panel data.” Economic modelling, 27(4):804-811.
  • Baltagi, B. H., & Moscone, F. (2010). “Health care expenditure and income in the OECD reconsidered: Evidence from panel data.” Economic modelling, 27(4):804-811.
  • Beatty, T. K., & Shimshack, J. P. (2014). “Air pollution and children's respiratory health: A cohort analysis.” Journal of Environmental Economics and Management, 67(1):39-57.
  • Bengochea-Morancho, A., Higon-Tamarit, F., & Martínez-Zarzoso, I. (2001). “Economic growth and CO2 emissions in the European Union.” Environmental and Resource Economics, 19(2):165-172.
  • Breusch, T. S., & Pagan, A. R. (1980). “The Lagrange multiplier test and its applications to model specification in econometrics.” The Review of Economic Studies, 47(1):239-253.
  • Chaabouni, S., Zghidi, N., & Mbarek, M. B. (2016). “On the causal dynamics between CO2 emissions, health expenditures and economic growth.” Sustainable cities and society, 22:184-191.
  • Cho, C. H., Chu, Y. P., & Yang, H. Y. (2014). “An environment Kuznets curve for GHG emissions: a panel cointegration analysis.” Energy Sources, Part B: Economics, Planning, and Policy, 9(2):120-129.
  • Cole, M. A. (2004). “Trade, the pollution haven hypothesis and the environmental Kuznets curve: examining the linkages.” Ecological economics, 48(1):71-81.
  • Coondoo, D., & Dinda, S. (2002). “Causality between income and emission: a country group-specific econometric analysis.” Ecological Economics, 40(3):351-367.
  • Engle, R. F., & Granger, C. W. (1987). “Co-integration and error correction: representation, estimation, and testing.” Econometrica: journal of the Econometric Society:251-276.
  • Galeotti, M., Lanza, A., & Pauli, F. (2006). “Reassessing the environmental Kuznets curve for CO2 emissions: A robustness exercise.” Ecological economics, 57(1):152-163.
  • Ghorashi, N., & Rad, A. A. (2017). “CO2 Emissions, Health Expenditures and Economic Growth in Iran: Application of Dynamic Simultaneous Equation Models.” Journal of Community Health Research, 6(2):109-116.
  • Grossman, G. M., & Krueger, A. B. (1995). “Economic growth and the environment.” The quarterly journal of economics, 110(2):353-377.
  • Herzer, D. (2016). “Unions and Income Inequality: A Heterogeneous Panel Co‐integration and Causality Analysis.” Labour, 30(3):318-346.
  • Im, K. S., Pesaran, M. H., & Shin, Y. (2003). “Testing for unit roots in heterogeneous panels.” Journal of econometrics, 115(1):53-74.
  • Janke, K., Propper, C., & Henderson, J. (2009). “Do current levels of air pollution kill? The impact of air pollution on population mortality in England.” Health economics, 18(9):1031-1055.
  • Kais, S. & Saida, Z. (2018). “Environmental pollution, Health expenditure and Economic growth and in the Sub-Saharan Africa countries: Panel ARDL approach.” Sustainable Cities and Society, 41:833-840.
  • Ke, X., Saksena, P., & Holly, A. (2011). “The determinants of health expenditure: a country-level panel data analysis.” Geneva: World Health Organization, 26.
  • Kleiman, E. (1974). “The determinants of national outlay on health. In The economics of health and medical care (pp. 66-88).” Palgrave Macmillan, London.
  • Lee, C. C., & Lee, J. D. (2009). “Income and CO2 emissions: evidence from panel unit root and cointegration tests.” Energy policy, 37(2):413-423.
  • Martínez-Zarzoso, I., & Maruotti, A. (2011). “The impact of urbanization on CO2 emissions: evidence from developing countries.” Ecological Economics, 70(7):1344-1353.
  • Nazlioglu, S., & Soytas, U. (2012). “Oil price, agricultural commodity prices, and the dollar: A panel cointegration and causality analysis.” Energy Economics, 34(4):1098-1104.
  • Newhouse, J. P. (1977). “Medical-care expenditure: a cross-national survey.” The Journal of Human Resources, 12(1):115-125.
  • Pesaran, M. H. (2004). “General Diagnostic Tests for Cross Section Dependence in Panels.” Cambridge Working Papers in Economics no. 435. University of Cambridge.
  • Pesaran, M. H. (2006). “Estimation and inference in large heterogeneous panels with a multifactor error structure.” Econometrica, 74(4):967-1012.
  • Pesaran, M. H. (2007). “A simple panel unit root test in the presence of cross‐section dependence.” Journal of applied econometrics, 22(2):265-312.
  • Pesaran, M. H., & Yamagata, T. (2008). “Testing slope homogeneity in large panels.” Journal of Econometrics, 142(1):50-93.
  • Sharma, S. S. (2011). “Determinants of carbon dioxide emissions: empirical evidence from 69 countries.” Applied Energy, 88(1):376-382.
  • Swamy, P. A. (1970). “Efficient inference in a random coefficient regression model.” Econometrica: Journal of the Econometric Society, 311-323.
  • Tang, C. F. (2011). “Multivariate granger causality and the dynamic relationship between health care spending, income and relative price of health care in Malaysia.” Hitotsubashi Journal of Economics, 199-214.
  • Wang, K. M. (2011). “Health care expenditure and economic growth: Quantile panel-type analysis.” Economic Modelling, 28(4):1536-1549.
  • Westerlund, J. (2008). “Panel cointegration tests of the Fisher effect.” Journal of Applied Econometrics, 23(2):193-23.
There are 37 citations in total.

Details

Primary Language English
Journal Section Articles
Authors

Tuncer Gövdeli 0000-0002-6600-8684

Publication Date March 26, 2019
Published in Issue Year 2019 Issue: 31

Cite

APA Gövdeli, T. (2019). HEALTH EXPENDITURE, ECONOMIC GROWTH, AND CO2 EMISSIONS: EVIDENCE FROM THE OECD COUNTRIES. Adıyaman Üniversitesi Sosyal Bilimler Enstitüsü Dergisi(31), 488-516. https://doi.org/10.14520/adyusbd.477571

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