Research Article

The Impact of Economic Factors on Public Health Expenditure in Türkiye: Principal Component Analysis Evaluation for the Period 2002-2022

Volume: 9 Number: 2 June 30, 2024
TR EN

The Impact of Economic Factors on Public Health Expenditure in Türkiye: Principal Component Analysis Evaluation for the Period 2002-2022

Abstract

This study analyzes the economic factors affecting public health expenditure in Türkiye from 2002 to 2022. The main objective is to identify the economic reasons for the decreasing share of public health expenditure in Gross Domestic Product (GDP). It examines macroeconomic variables such as GDP per capita, unemployment rate, labor force participation rate, consumer price index, tax revenue, and exchange rate using principal component analysis (PCA). The results show that GDP per capita, exchange rate, and tax revenue significantly impact public health expenditure, indicating a direct relationship between economic growth and health spending. The unemployment rate does not directly affect public health expenditure, while an increase in labor force participation rate can reduce it. This study underscores the importance of macroeconomic stability and effective economic policies for sustainable health financing in Türkiye. By using long-term data, it provides a comprehensive analysis of how economic factors impact health expenditure, distinguishing it from other studies in the literature. The findings emphasize that a healthy economy leads to increased public investment in health services.

Keywords

References

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Details

Primary Language

English

Subjects

Time-Series Analysis, Labor Economics, Health Economy

Journal Section

Research Article

Publication Date

June 30, 2024

Submission Date

March 19, 2024

Acceptance Date

June 29, 2024

Published in Issue

Year 2024 Volume: 9 Number: 2

APA
Özmen Bol, Z. (2024). The Impact of Economic Factors on Public Health Expenditure in Türkiye: Principal Component Analysis Evaluation for the Period 2002-2022. Ekonomi Politika Ve Finans Araştırmaları Dergisi, 9(2), 346-366. https://doi.org/10.30784/epfad.1455475
AMA
1.Özmen Bol Z. The Impact of Economic Factors on Public Health Expenditure in Türkiye: Principal Component Analysis Evaluation for the Period 2002-2022. EPF Journal. 2024;9(2):346-366. doi:10.30784/epfad.1455475
Chicago
Özmen Bol, Zeynep. 2024. “The Impact of Economic Factors on Public Health Expenditure in Türkiye: Principal Component Analysis Evaluation for the Period 2002-2022”. Ekonomi Politika Ve Finans Araştırmaları Dergisi 9 (2): 346-66. https://doi.org/10.30784/epfad.1455475.
EndNote
Özmen Bol Z (June 1, 2024) The Impact of Economic Factors on Public Health Expenditure in Türkiye: Principal Component Analysis Evaluation for the Period 2002-2022. Ekonomi Politika ve Finans Araştırmaları Dergisi 9 2 346–366.
IEEE
[1]Z. Özmen Bol, “The Impact of Economic Factors on Public Health Expenditure in Türkiye: Principal Component Analysis Evaluation for the Period 2002-2022”, EPF Journal, vol. 9, no. 2, pp. 346–366, June 2024, doi: 10.30784/epfad.1455475.
ISNAD
Özmen Bol, Zeynep. “The Impact of Economic Factors on Public Health Expenditure in Türkiye: Principal Component Analysis Evaluation for the Period 2002-2022”. Ekonomi Politika ve Finans Araştırmaları Dergisi 9/2 (June 1, 2024): 346-366. https://doi.org/10.30784/epfad.1455475.
JAMA
1.Özmen Bol Z. The Impact of Economic Factors on Public Health Expenditure in Türkiye: Principal Component Analysis Evaluation for the Period 2002-2022. EPF Journal. 2024;9:346–366.
MLA
Özmen Bol, Zeynep. “The Impact of Economic Factors on Public Health Expenditure in Türkiye: Principal Component Analysis Evaluation for the Period 2002-2022”. Ekonomi Politika Ve Finans Araştırmaları Dergisi, vol. 9, no. 2, June 2024, pp. 346-6, doi:10.30784/epfad.1455475.
Vancouver
1.Zeynep Özmen Bol. The Impact of Economic Factors on Public Health Expenditure in Türkiye: Principal Component Analysis Evaluation for the Period 2002-2022. EPF Journal. 2024 Jun. 1;9(2):346-6. doi:10.30784/epfad.1455475

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