THE RELATIONSHIP BETWEEN HEALTH DEVELOPMENT INDEX AND FINANCIAL DEVELOPMENT INDEX: EVIDENCE FROM HIGH INCOME COUNTRIES

Year 2017, Volume: 2 Issue: 2, 83 - 95, 29.12.2017

Ayhan Kuloğlu , Eyyup Ecevit

https://doi.org/10.30784/epfad.346935

Cited By: 3

Abstract

Economic growth is a complex
process affected by many factors at different levels which is commonly proxied
by health. In this study, the causal between health and financial development
is investegated using heteregenuis panel causality test over the period
1991-2014. To this end, Principal component analysis is initially applied to
construct indexes for each variable. Results show that health development
indexgranger causes financial development index.  

Keywords

Health, Human Capital, Financial Development

THE RELATIONSHIP BETWEEN HEALTH DEVELOPMENT INDEX AND FINANCIAL DEVELOPMENT INDEX: EVIDENCE FROM HIGH INCOME COUNTRIES

Abstract

Economic growth is a complex process affected by many factors at different levels which is commonly proxied by health. In this study, the causal between health and financial development is investegated using heteregenuis panel causality test over the period 1991-2014. To this end, Principal component analysis is initially applied to construct indexes for each variable. Results show that health development indexgranger causes financial development index.  

Ekonomik büyüme, sağlık
değişkeni tarafından sıkça rastlanan farklı seviyelerde birçok faktörden
etkilenen karmaşık bir süreçtir. Bu çalışmada, sağlık ve finansal değişkenler
arasındaki nedensellik ilişkisi 1991-2014 yılları boyunca panel nedensellik testi
kullanılarak araştırılmıştır. Bu amaçla, temel bileşenler analizi
değişkenlerden dizinler elde etmek için başlangıçta uygulanmıştır. Sonuçlar,
sağlık gelişme endeksinin finansal gelişme endeksinin granger nedeni olduğunu
göstermektedir. 

Keywords

Sağlık, Beşeri Sermaye, Finansal Gelişme

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