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Do Health Spending and Economic Growth Matter in Development? Evidence from Turkey
Öz
Development is a multi-dimensional process that involves changes in social and economic structure. The study deals with the relationship between health spending (HS), economic growth per capita (RGDP), and development level (HDI). A country's healthcare situation is the key component of the development level. The study explores the interdependence in Turkey and aims to combine economic level and health aspects of development. Based on this idea, the relation between the variables is analyzed by using Johansen co-integration and causality tests. The data set covers the period from 1990-2019. The empirical findings of the study confirm a significant relationship between development level, health spending, and economic growth both in short term and long term in Turkey. The causality results showed only one-way causality was obtained, from HS to HDI and from GDP to HDI. Findings show that an increase in health spending and income level in Turkey affects development positively in the long run. A planned increase in health expenditures for sustainable development is presented as a future direction.
Anahtar Kelimeler
Kaynakça
- Acemoglu, D. and Johnson, S. (2006). Disease and development: The effect of life expectancy on economic growth (NBER Working Paper Series No. 12269). Retrieved from https://www.nber.org/system/files/working_papers/w12269/w12269.pdf
- Ak, R. (2012). The relationship between health expenditures and economic growth: Turkish case. International Journal of Business Management & Economic Research, 3(1), 404-409. Retrieved from http://www.ijbmer.com/
- Akar, S. (2014). An investigation of the relationship among health expenditures, relative price of health expenditures and economic growth in Turkey. Journal of Management and Economy, 21(1), 311-322. https://doi.org/10.23834/isrjournal.393567
- Akdag, R. (2009). Health transformation program in Turkey (Progress Report). Retrieved from https://ekutuphane.saglik.gov.tr/Ekutuphane/kitaplar/TurkeySPDEng.pdf
- Alhassan, G.N. Adedoyin, F.F. Bekun, F.V. and Agabo, T.J. (2021). Life expectancy, death rate and public health expenditure matter in sustaining economic growth under COVID-19: Empirical evidence from Nigeria? Journal of Public Affairs, 21(4), e2302. https://doi.org/10.1002/pa.2302
- Atilgan, E., Kilic, D. and Ertugrul, H.M. (2017). The dynamic relationship between health expenditure and economic growth: Is the health-led growth hypothesis valid for Turkey? The European Journal of Health Economics, 18, 567–574. doi:10.1007/s10198-016-0810-5
- Baltagi, B.H. and F. Moscone, (2010). Health care expenditure and income in the OECD reconsidered: Evidence from panel data. Economic Modelling, 27, 804-811. https://doi.org/10.1016/j.econmod.2009.12.001
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Ayrıntılar
Birincil Dil
İngilizce
Konular
Ekonomi
Bölüm
Araştırma Makalesi
Yazarlar
Yayımlanma Tarihi
24 Ekim 2022
Gönderilme Tarihi
24 Temmuz 2022
Kabul Tarihi
24 Ekim 2022
Yayımlandığı Sayı
Yıl 2022 Cilt: 7 Sayı: Özel Sayı
APA
Boyacıoğlu, E. Z., & Terzioğlu, M. K. (2022). Do Health Spending and Economic Growth Matter in Development? Evidence from Turkey. Ekonomi Politika ve Finans Araştırmaları Dergisi, 7(Özel Sayı), 19-32. https://doi.org/10.30784/epfad.1147618
AMA
1.Boyacıoğlu EZ, Terzioğlu MK. Do Health Spending and Economic Growth Matter in Development? Evidence from Turkey. EPF Journal. 2022;7(Özel Sayı):19-32. doi:10.30784/epfad.1147618
Chicago
Boyacıoğlu, Ebru Z., ve Mehmet Kenan Terzioğlu. 2022. “Do Health Spending and Economic Growth Matter in Development? Evidence from Turkey”. Ekonomi Politika ve Finans Araştırmaları Dergisi 7 (Özel Sayı): 19-32. https://doi.org/10.30784/epfad.1147618.
EndNote
Boyacıoğlu EZ, Terzioğlu MK (01 Ekim 2022) Do Health Spending and Economic Growth Matter in Development? Evidence from Turkey. Ekonomi Politika ve Finans Araştırmaları Dergisi 7 Özel Sayı 19–32.
IEEE
[1]E. Z. Boyacıoğlu ve M. K. Terzioğlu, “Do Health Spending and Economic Growth Matter in Development? Evidence from Turkey”, EPF Journal, c. 7, sy Özel Sayı, ss. 19–32, Eki. 2022, doi: 10.30784/epfad.1147618.
ISNAD
Boyacıoğlu, Ebru Z. - Terzioğlu, Mehmet Kenan. “Do Health Spending and Economic Growth Matter in Development? Evidence from Turkey”. Ekonomi Politika ve Finans Araştırmaları Dergisi 7/Özel Sayı (01 Ekim 2022): 19-32. https://doi.org/10.30784/epfad.1147618.
JAMA
1.Boyacıoğlu EZ, Terzioğlu MK. Do Health Spending and Economic Growth Matter in Development? Evidence from Turkey. EPF Journal. 2022;7:19–32.
MLA
Boyacıoğlu, Ebru Z., ve Mehmet Kenan Terzioğlu. “Do Health Spending and Economic Growth Matter in Development? Evidence from Turkey”. Ekonomi Politika ve Finans Araştırmaları Dergisi, c. 7, sy Özel Sayı, Ekim 2022, ss. 19-32, doi:10.30784/epfad.1147618.
Vancouver
1.Ebru Z. Boyacıoğlu, Mehmet Kenan Terzioğlu. Do Health Spending and Economic Growth Matter in Development? Evidence from Turkey. EPF Journal. 01 Ekim 2022;7(Özel Sayı):19-32. doi:10.30784/epfad.1147618
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https://doi.org/10.30784/epfad.1455475The Growth Returns of Health: Investments, Outcomes, And Cointegrated Development in Türkiye
Üçüncü Sektör Sosyal Ekonomi Dergisi
https://doi.org/10.63556/tisej.2025.1517