Abstract
The convergence hypothesis is based on Neoclassical (Solow) growth theories. The validity of the convergence hypothesis with the increasing health expenditures in the world, especially after the COVID-19 epidemic, has started to be discussed on basic health indicators. It is considered that the discussions in question will remain up to date for a long time. It is known that economic, sociocultural and technological factors increase health expenditures in the process of globalization and that country economies shape health expenditures in this direction. In this study, the validity of the convergence hypothesis is investigated by using the variables of per capita health expenditure, infant mortality rate and life expectancy at birth for the period 1995-2018 in G7 (USA, UK, Germany, France, Italy, Japan and Canada) countries. As econometric methods, "Panel LM unit root test based on the Fourier approach, which takes into account cross-sectional dependence and structural breaks", developed by Nazlıoğlu and Karul (2017), and the PANICCA test, developed by Reese & Westerlund (2016), which does not consider structural breaks, were used. The findings reveal that the convergence hypothesis in the health indicators included in the analysis is invalid.