Education, Health, and Economic Growth Nexus: A Bootstrap Panel Granger Causality Analysis for Developing Countries

Year 2018, , 125 - 144, 30.04.2018

Hüseyin Şen , Ayşe Kaya , Barış Alpaslan

https://doi.org/10.17233/sosyoekonomi.2018.02.07

Cited By: 12

Abstract

This paper studies an empirical analysis of the causality between education expenditure, health expenditure, and economic growth for the selected eight developing countries (Argentina, Brazil, Chile, India, Indonesia, Mexico, South Africa, and Turkey) over the period 1995-2012. For this purpose, we employ the Bootstrap Panel Granger Causality test. Our findings indicate that only in two of eight developing countries (Brazil and Mexico) there exists a significant and positive causality, running from education and health expenditure to economic growth. However, we found a significant but negative causality among education expenditure, health expenditure, and economic growth for Indonesia. For the rest of the countries that we consider in this paper, no causality was found between these variables.

Keywords

Education Expenditure, Health Expenditure, Human Capital, Economic Growth

Eğitim, Sağlık ve Ekonomik Büyüme İlişkisi: Gelişmekte Olan Ülkeler için Bootstrap Panel Granger Nedensellik Analizi

Abstract

Bu çalışma, Bootstrap Panel Granger nedensellik testini kullanarak seçilmiş sekiz gelişmekte olan ülke (Arjantin, Brezilya, Şili, Hindistan, Endonezya, Meksika, Güney Afrika ve Türkiye) özelinde eğitim ve sağlık harcamaları ile ekonomik büyüme arasındaki nedensellik ilişkisini 1995-2012 dönemi için ampirik olarak analiz etmektedir. Ampirik bulgular, analize konu olan sekiz gelişmekte olan ülkeden yalnızca ikisinde (Brezilya ve Meksika) eğitim ve sağlık harcamalarından ekonomik büyümeye doğru anlamlı ve pozitif yönlü bir Granger nedensellik ilişkisi olduğunu, birinde (Endonezya) ise eğitim ve sağlık harcamaları ile ekonomik büyüme arasında anlamlı ancak negatif yönlü bir Granger nedensellik ilişkisi olduğunu ortaya koymuştur. Diğer ülkeler için ise eğitim ve sağlık harcamaları ile ekonomik büyüme arasında herhangi bir Granger nedensellik ilişkisi tespit edilememiştir.

Keywords

Eğitim ve Sağlık Harcamaları, Ekonomik Büyüme, Gelişmekte Olan Ülkeler, Bootstrap Panel Granger Nedensellik Analizi

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