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
- Aboubacar, B. and Xu, D. (2017). The impact of health expenditure on the economic growth in sub-Saharan Africa. Theoretical Economics Letters, 7(3), 615–622. https://doi.org/10.4236/tel.2017.73046
- Akdağ, R. (2011). Sağlıkta dönüşüm programı değerlendirme raporu (2003-2010). Ankara: TC Sağlık Bakanlığı Yayınları.
- Altınöz, B. and Aslan, A. (2019). Eğitim ve sağlık faktörleri bağlamında beşeri sermayenin ekonomik büyümeye katkısı: N-11 ülkeleri için bir uygulama. In A. Umut (Ed.), 3. International economic research and financial markets congress proceeding book (pp. 183-194). Paper presented at the International Economics Research and Financial Markets Congress, Gaziantep, Türkiye.
- Anderson, G.F., Hurst, J., Hussey, P.S. and Jee-Hughes, M. (2000). Health spending and outcomes: Trends in OECD Countries, 1960–1998. Health Affairs, 19(3), 150–157. https://doi.org/10.1377/hlthaff.19.3.150
- Ataklı-Yavuz, R. and Yılmaztürk, R. G. (2023). Sağlık harcamalarının ekonomik etkileri: Türkiye örneği. Yönetim ve Ekonomi Araştırmaları Dergisi, 21(3), 163-175. https://doi.org/10.11611/yead.1344037
- Atilgan, E., Kiliç, D. and Ertuğrul, H. M. (2017). The dynamic relationship between health expenditure and economic growth: Is the health-led growth hypothesis valid for Türkiye? The European Journal of Health Economics, 18(5), 567–574. https://doi.org/10.1007/s10198-016-0810-5
- Bieszk-Stolorz, B. and Dmytrów, K. (2023). The well-being-related living conditions of elderly people in the European Union - Selected aspects. Sustainability, 15(24), 16823. https://doi.org/10.3390/su152416823
- Boyacioğlu, E.Z. and Terzi̇oğlu, M.K. (2022). Do health spending and economic growth matter in development? Evidence from Türkiye. Ekonomi Politika ve Finans Araştırmaları Dergisi, 7(Özel Sayı), 19-32. https://doi.org/10.30784/epfad.1147618
Details
Primary Language
English
Subjects
Time-Series Analysis, Labor Economics, Health Economy
Journal Section
Research Article
Authors
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
Cited By
Sağlık Harcamaları ve Ekonomik Büyüme İlişkisi: BRIC ve MIST Ülkeleri İçin Bir Değerlendirme
Kocaeli Üniversitesi Sosyal Bilimler Dergisi
https://doi.org/10.35343/kosbed.1526366