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BRICS-T Ülkelerinde Sağlık Harcamaları ve Ekonomik Büyüme: Panel Veri Analizi

Year 2022, Volume: 21 Issue: 1, 59 - 73, 26.01.2022
https://doi.org/10.21547/jss.945360

Abstract

Sağlıklı bir nüfusun daha yüksek verimlilikle çalışacağı ve dolayısıyla daha yüksek katma değer yaratacağı genel kabul görmektedir. Ancak Covid-19 salgınıyla mücadelede de görüldüğü üzere ülkeler sağlık hizmetlerine kolay ve eşit bir şekilde ulaşamamaktadır. Nitekim sağlık harcamalarının ekonomik büyüme üzerindeki etkisinin ülkelerin gelişmişlik seviyelerine göre farklılaştığı ortaya konmaktadır.
Bu çalışmada, farklı gelişmişlik seviyelerine sahip BRICS-T ülkeleri ele alınmıştır. Çalışmanın ampirik kısmında değişkenlerin durağanlığını testi etmek amacıyla LLC ve ADF bitim kök testlerinden yararlanılmıştır. Pedroni panel eş bütünleşme testi sonuçlarına göre değişkenler arasında uzun dönem ilişki saptandıktan sonra FMOLS ve DOLS metodları ile uzun dönem katsayı tahmini yapılmıştır. Elde edilen sonuçlar iktisadi beklentiler ile büyük ölçüde örtüşmektedir.

References

  • Aboubacar, B., ve Xu, D. (2017). The impact of health expenditure on the economic growth in Sub-Saharan Africa. Theoretical Economics Letters, 7(3), 615-622.
  • Alhowaish, A. K. Healtcare spending and economic growth in Saudi Arabia: A granger causality approach. International Journal of Scientific & Engineering Research, 5(1), 1471-1474.
  • Baussalem, F., Baussalem, Z., ve Taiba, A. (2014). The relationship between public spending on health and economic growth in Algeria: Testing for co-integration and causality. International Journal of Business and Management, II(3), 25-39.
  • Bedir, S. (2016). Healthcare expenditure and economic growth in developing countries. Advances in Economics and Business, 4(2), 76-86. Devarajan, S., Swaroop, V., ve Zou, H. (1996). The composition of public expenditure and economic growth. Journal of Monetary Economics, 37(1996), 313-344.
  • Dinçer, H., ve Yüksel, S. (2019). Identifying causality relationship between health expenditure and economic growth: An application on E7 countries. Journal of Health Systems and Policies, 1, 5-23.
  • Erçelik, G. (2018). The relationship between health expenditure and economic growth in Turkey from 1980 to 2015. Journal of Politics, 1(1), 1-8.
  • IMF (2021). Policy responses to Covid-19. Erişim tarihi: 17 Nisan 2021, https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19.
  • Ke, X., Saksena, P., ve Holly, A. (2011). The determinants of health expenditure: A country-level panel data analysis. World Health Organization Working Paper.
  • Ogungbenle, S., Olawumi, O. R., ve Obasuyi, F. O. T. (2013). Life expectancy, public health spending and economic growth in Nigeria: A vector autoregressive (VAR) model. European Scientific Journal, 9(19), 210-235.
  • Piabuo, S. M., ve Tieguhong, J. C. (2017). Health expenditure and economic growth: A review of the literature and an analysis between the economic community for central African states (CEMAC) and selected African countries. Heidelberg, 7(23), 1-13.
  • Şen, A., ve Bingöl, N. (2018). Sağlık harcamaları ve ekonomik büyüme ilişkisi: Türkiye örneği. Akademik Yaklaşımlar Dergisi, 9(1), 89-106.
  • Wang, F. (2015). More health expenditure, better economic performance? Empirical evicende from OECD countries. Inquiry, 52, 1-5.
  • WHO (2021). Covid-19 dashboard. Erişim tarihi: 13 Nisan 2021, https://covid19.who.int.

Health Expenditures and Economic Growth in BRICS-T Countries: Panel Data Analysis

Year 2022, Volume: 21 Issue: 1, 59 - 73, 26.01.2022
https://doi.org/10.21547/jss.945360

Abstract

It is generally accepted that a healthy population will operate at higher productivity and therefore create higher added value. However, as seen in the fight against the Covid-19 epidemic, countries cannot access health services easily and equally. As a matter of fact, it is revealed that the effect of health expenditures on economic growth differs according to the development levels of countries.
In this study, BRICS-T countries with different development levels are discussed. In the empirical part of the study, LLC and ADF finite root tests were used to test the stationarity of the variables. After determining the long-term relationship between the variables according to the Pedroni panel cointegration test results, long-term coefficient estimation was made with FMOLS and DOLS methods. The results obtained largely overlap with the economic expectations.

References

  • Aboubacar, B., ve Xu, D. (2017). The impact of health expenditure on the economic growth in Sub-Saharan Africa. Theoretical Economics Letters, 7(3), 615-622.
  • Alhowaish, A. K. Healtcare spending and economic growth in Saudi Arabia: A granger causality approach. International Journal of Scientific & Engineering Research, 5(1), 1471-1474.
  • Baussalem, F., Baussalem, Z., ve Taiba, A. (2014). The relationship between public spending on health and economic growth in Algeria: Testing for co-integration and causality. International Journal of Business and Management, II(3), 25-39.
  • Bedir, S. (2016). Healthcare expenditure and economic growth in developing countries. Advances in Economics and Business, 4(2), 76-86. Devarajan, S., Swaroop, V., ve Zou, H. (1996). The composition of public expenditure and economic growth. Journal of Monetary Economics, 37(1996), 313-344.
  • Dinçer, H., ve Yüksel, S. (2019). Identifying causality relationship between health expenditure and economic growth: An application on E7 countries. Journal of Health Systems and Policies, 1, 5-23.
  • Erçelik, G. (2018). The relationship between health expenditure and economic growth in Turkey from 1980 to 2015. Journal of Politics, 1(1), 1-8.
  • IMF (2021). Policy responses to Covid-19. Erişim tarihi: 17 Nisan 2021, https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19.
  • Ke, X., Saksena, P., ve Holly, A. (2011). The determinants of health expenditure: A country-level panel data analysis. World Health Organization Working Paper.
  • Ogungbenle, S., Olawumi, O. R., ve Obasuyi, F. O. T. (2013). Life expectancy, public health spending and economic growth in Nigeria: A vector autoregressive (VAR) model. European Scientific Journal, 9(19), 210-235.
  • Piabuo, S. M., ve Tieguhong, J. C. (2017). Health expenditure and economic growth: A review of the literature and an analysis between the economic community for central African states (CEMAC) and selected African countries. Heidelberg, 7(23), 1-13.
  • Şen, A., ve Bingöl, N. (2018). Sağlık harcamaları ve ekonomik büyüme ilişkisi: Türkiye örneği. Akademik Yaklaşımlar Dergisi, 9(1), 89-106.
  • Wang, F. (2015). More health expenditure, better economic performance? Empirical evicende from OECD countries. Inquiry, 52, 1-5.
  • WHO (2021). Covid-19 dashboard. Erişim tarihi: 13 Nisan 2021, https://covid19.who.int.
There are 13 citations in total.

Details

Primary Language Turkish
Subjects Economics
Journal Section Economics
Authors

Mustafa Kartal 0000-0002-5404-5365

Publication Date January 26, 2022
Submission Date May 31, 2021
Acceptance Date December 8, 2021
Published in Issue Year 2022 Volume: 21 Issue: 1

Cite

APA Kartal, M. (2022). BRICS-T Ülkelerinde Sağlık Harcamaları ve Ekonomik Büyüme: Panel Veri Analizi. Gaziantep Üniversitesi Sosyal Bilimler Dergisi, 21(1), 59-73. https://doi.org/10.21547/jss.945360