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SAĞLIK HARCAMALARI İKTİSADİ BÜYÜME İLİŞKİSİ: OECD ÜLKELERİ ÜZERİNE BİR İNCELEME

Year 2019, , 590 - 607, 31.12.2019
https://doi.org/10.36543/kauiibfd.2019.025

Abstract

Bu
çalışmanın amacı, 36 OECD ülkesinin 2000-2017 dönemine ilişkin verilerini kullanarak
panel koentegrasyon testleri yardımı ile sağlık harcamaları ve iktisadi büyüme
arasındaki ilişkiyi araştırmaktır. Elde edilen sonuçlara göre, yatay kesit
bağımlılığını göz ardı eden Pedroni ve Westerlund testleri, sağlık harcamaları
ile büyüme arasında uzun dönemli bir ilişkinin mevcut olduğunu göstermektedir.  Ancak yatay kesit bağımlılığı göz önüne
alınarak elde edilen sonuçlar, sağlık harcamaları ve büyüme arasında uzun
dönemli bir koentegrasyon ilişkisinin mevcut olduğuna ilişkin sonuçları desteklememektedir.
Sonuç olarak uzun dönemde sağlık harcamalarının, büyümenin bir belirleyicisi
olmadığına ilişkin bulgulara ulaşılmıştır.

References

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  • Akram, N., Ihtsham ul Haq, P. & Khan, M. (2008). The long term impact of health on economic growth in Pakistan. The Pakistan Development Review, 47 (4), 487-500.
  • Amiri, A. & Ventelou, B. (2012). Granger causality between total expenditure on health and GDP in OECD: Evidence from the Toda–Yamamoto approach. Economics Letters, 116, 541 – 44.
  • Aslan, A., Menegaki, A.N. & Tugcu, C. T. (2016). Health and economic growth in high-income countries revisited: evidence from an augmented production function for the period 1980–2009. Qual. Quant.,50, 937 - 53.
  • Atilgan, E., Kilic, D. & Ertugrul, H. M. (2017). The dynamic relationship between health expenditure and economic growth: is the health-led growth hypothesis valid for Turkey?. Eur J Health Econ, 18, 567 – 74.
  • Balaji, B. (2011). Causal nexus between public health expenditure and economic growth in four southern Indian states. The IUP Journal of Public Finance, 9 (3), 7 – 22.
  • Banerjee, A., Dolado, J. J. & Mestre, R. (1998). Error-correction mechanism tests for cointegration in a single-equation framework. Journal of Time Series Analysis, 19, 267–83.
  • Barro, R. J. (2013). Health and economic growth. Annuals of Economics and Finance, 14-2 (A), 305 - 42.
  • Eggoh, J., Houeninvob, H. & Gilles-Armand, S. (2015). Education health and economic growth in African countries. Journal of Economic Development, 40 (1), 93- 111.
  • Hartwig, J. (2010). Is health capital formation good for long-term economic growth? – Panel Granger-causality evidence for OECD countries. Journal of Macroeconomics, 32, 314–25.
  • Khan, H. N., Khan, M.T.A., Razli, R.B.Sahtie, A. B., Shehzada, G., Krebs, K.L. & Sarvhad, N. (2016). Health care expenditure and economic growth in SAARC countries (1995–2012): A Panel Causality Analysis. Applied Research Quality Life, 639 - 61.
  • Kremers, J., Ericsson, N. & Dolado, J. (1992). The power of cointegration tests. Oxford Bulletin of Economics and Statistics. 54, 325 - 48.
  • Kumar, S. (2012). Systems GMM estimates of the health care spending and GDP relationship: a note. Eur J Health Econ., 14, 503 – 6.
  • Li, H. & Liang, H. (2009). Health, education, and economic growth in China: Empirical findings and implications. China Economic Review, 20, 374 – 87.
  • Maitra, B. & Mukhopadhyay, C.K. (2012). Public Spending on Education, Health Care and Economıc Growth in Selected Countries of Asia and the Pacific. Asia-Pacific Development Journal, 19 (2), 19 – 48.
  • Mohapatra, S. (2017). Economic growth, public expenditure on health and IMR in India. International Journal of Social Economics. 44 (12), 2002 – 18.
  • Narayan S., Narayan, P. K. & Sagarika, M. (2010). Investigating the relationship between health and economic growth: Empirical evidence from a panel of 5 Asian countries. Journal of Asian Economics, 21, 404 – 11.
  • O’Connell, P. (1998). The overvaluation of purchasing power parity. Journal of International Economics. 44, 1–19.
  • Pedroni, P. (1999). Critical values for cointegration tests in heterogeneous panels with multiple regressors. Oxford Bulletin of Economics and Statistics 61, 653–70.
  • Pedroni, P. (2004) Panel cointegration: asymptotic and finite sample properties of pooled Time Series Tests with an application to the PPP Hypothesis. Econometric Theory, 20, 597–625.
  • Phillips, P. C. B. & Ouliaris, S. (1990). Asymptotic properties of residual based tests for cointegration. Econometrica, 58, 165–93.
  • Pesaran, M.H. (2007). A simple Panel Unit Root Test in the presence of cross-section dependence. Journal of Applied Econometrics. 22, 265–312
  • Sahnoun, M. (2018). Does health expenditure increase economic growth: evidence from Tunisia. The Romanian Economic Journal, 21 (67), 126 – 44.
  • Şen, H., Kaya, A. & Alpaslan, B. (2018). Education, health, and economic growth nexus: A bootstrap Panel Granger Causality Analysis for developing countries. Sosyoekonomi, 26(36), 125-44.
  • Tatoğlu, Y. F. (2011). The relationships between human capital investment and economic growth: A Panel Error Correction Model. Journal of Economic and Social Research, 13(1), 77-90
  • Wang, F. (2015). More health expenditure, better economic performance? Empirical evidence from OECD countries. INQUIRY: The Journal of Health Care Organization, Provision, and Financing, 1–5.
  • Westerlund, J. (2007). Testing for error correction in Panel Data. Oxford Bulletin of Economics and Statistics, 69, 709-48.
  • Ye, L. & Xinping, Z. (2018). Nonlinear Granger Causality between health care expenditure and economic growth in the OECD and major developing countries. International Journal of Environmental Research and Public Health, 15, 1-16.
  • Zaidi, S. & Saidi, K. (2018). Environmental pollution, health expenditure and economic growth in the Sub-Saharan Africa countries: Panel ARDL approach. Sustainable Cities and Society, 41, 833–40.
Year 2019, , 590 - 607, 31.12.2019
https://doi.org/10.36543/kauiibfd.2019.025

Abstract

References

  • Acemoglu, D. & Simon, J. (2007). Disease and development: The effect of life expectancy on economic growth. Journal of Political Economy, 115 (6), 925 – 85.
  • Akram, N., Ihtsham ul Haq, P. & Khan, M. (2008). The long term impact of health on economic growth in Pakistan. The Pakistan Development Review, 47 (4), 487-500.
  • Amiri, A. & Ventelou, B. (2012). Granger causality between total expenditure on health and GDP in OECD: Evidence from the Toda–Yamamoto approach. Economics Letters, 116, 541 – 44.
  • Aslan, A., Menegaki, A.N. & Tugcu, C. T. (2016). Health and economic growth in high-income countries revisited: evidence from an augmented production function for the period 1980–2009. Qual. Quant.,50, 937 - 53.
  • Atilgan, E., Kilic, D. & Ertugrul, H. M. (2017). The dynamic relationship between health expenditure and economic growth: is the health-led growth hypothesis valid for Turkey?. Eur J Health Econ, 18, 567 – 74.
  • Balaji, B. (2011). Causal nexus between public health expenditure and economic growth in four southern Indian states. The IUP Journal of Public Finance, 9 (3), 7 – 22.
  • Banerjee, A., Dolado, J. J. & Mestre, R. (1998). Error-correction mechanism tests for cointegration in a single-equation framework. Journal of Time Series Analysis, 19, 267–83.
  • Barro, R. J. (2013). Health and economic growth. Annuals of Economics and Finance, 14-2 (A), 305 - 42.
  • Eggoh, J., Houeninvob, H. & Gilles-Armand, S. (2015). Education health and economic growth in African countries. Journal of Economic Development, 40 (1), 93- 111.
  • Hartwig, J. (2010). Is health capital formation good for long-term economic growth? – Panel Granger-causality evidence for OECD countries. Journal of Macroeconomics, 32, 314–25.
  • Khan, H. N., Khan, M.T.A., Razli, R.B.Sahtie, A. B., Shehzada, G., Krebs, K.L. & Sarvhad, N. (2016). Health care expenditure and economic growth in SAARC countries (1995–2012): A Panel Causality Analysis. Applied Research Quality Life, 639 - 61.
  • Kremers, J., Ericsson, N. & Dolado, J. (1992). The power of cointegration tests. Oxford Bulletin of Economics and Statistics. 54, 325 - 48.
  • Kumar, S. (2012). Systems GMM estimates of the health care spending and GDP relationship: a note. Eur J Health Econ., 14, 503 – 6.
  • Li, H. & Liang, H. (2009). Health, education, and economic growth in China: Empirical findings and implications. China Economic Review, 20, 374 – 87.
  • Maitra, B. & Mukhopadhyay, C.K. (2012). Public Spending on Education, Health Care and Economıc Growth in Selected Countries of Asia and the Pacific. Asia-Pacific Development Journal, 19 (2), 19 – 48.
  • Mohapatra, S. (2017). Economic growth, public expenditure on health and IMR in India. International Journal of Social Economics. 44 (12), 2002 – 18.
  • Narayan S., Narayan, P. K. & Sagarika, M. (2010). Investigating the relationship between health and economic growth: Empirical evidence from a panel of 5 Asian countries. Journal of Asian Economics, 21, 404 – 11.
  • O’Connell, P. (1998). The overvaluation of purchasing power parity. Journal of International Economics. 44, 1–19.
  • Pedroni, P. (1999). Critical values for cointegration tests in heterogeneous panels with multiple regressors. Oxford Bulletin of Economics and Statistics 61, 653–70.
  • Pedroni, P. (2004) Panel cointegration: asymptotic and finite sample properties of pooled Time Series Tests with an application to the PPP Hypothesis. Econometric Theory, 20, 597–625.
  • Phillips, P. C. B. & Ouliaris, S. (1990). Asymptotic properties of residual based tests for cointegration. Econometrica, 58, 165–93.
  • Pesaran, M.H. (2007). A simple Panel Unit Root Test in the presence of cross-section dependence. Journal of Applied Econometrics. 22, 265–312
  • Sahnoun, M. (2018). Does health expenditure increase economic growth: evidence from Tunisia. The Romanian Economic Journal, 21 (67), 126 – 44.
  • Şen, H., Kaya, A. & Alpaslan, B. (2018). Education, health, and economic growth nexus: A bootstrap Panel Granger Causality Analysis for developing countries. Sosyoekonomi, 26(36), 125-44.
  • Tatoğlu, Y. F. (2011). The relationships between human capital investment and economic growth: A Panel Error Correction Model. Journal of Economic and Social Research, 13(1), 77-90
  • Wang, F. (2015). More health expenditure, better economic performance? Empirical evidence from OECD countries. INQUIRY: The Journal of Health Care Organization, Provision, and Financing, 1–5.
  • Westerlund, J. (2007). Testing for error correction in Panel Data. Oxford Bulletin of Economics and Statistics, 69, 709-48.
  • Ye, L. & Xinping, Z. (2018). Nonlinear Granger Causality between health care expenditure and economic growth in the OECD and major developing countries. International Journal of Environmental Research and Public Health, 15, 1-16.
  • Zaidi, S. & Saidi, K. (2018). Environmental pollution, health expenditure and economic growth in the Sub-Saharan Africa countries: Panel ARDL approach. Sustainable Cities and Society, 41, 833–40.
There are 29 citations in total.

Details

Primary Language Turkish
Journal Section Articles
Authors

Seyfettin Erdoğan 0000-0003-2790-4221

Durmuş Çağrı Yıldırım This is me 0000-0003-4168-2792

Ayfer Gedikli This is me 0000-0002-7128-1976

Publication Date December 31, 2019
Acceptance Date October 29, 2019
Published in Issue Year 2019

Cite

APA Erdoğan, S., Yıldırım, D. Ç., & Gedikli, A. (2019). SAĞLIK HARCAMALARI İKTİSADİ BÜYÜME İLİŞKİSİ: OECD ÜLKELERİ ÜZERİNE BİR İNCELEME. Kafkas Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 10(20), 590-607. https://doi.org/10.36543/kauiibfd.2019.025

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