TR
EN
THE EFFECT OF HEALTH EXPENDITURES ON ECONOMIC GROWTH: AN ECONOMETRIC ANALYSIS
Öz
All countries in the world aim to create a society composed of healthy individuals. Because; For a country's economy to be strong and sustainable, a society consisting of healthy individuals is necessary. Health expenditures for the development of health services affect economic growth through human capital. An increase in health expenditures; It also affects economic growth by increasing people's life expectancy, life expectancy and quality of life. How health spending affects economic growth has always been explored. The aim of this study is; It is the analysis of the effects of health expenditure and household consumption expenditure on economic growth in OECD countries using panel data regression model. For this; between 2011 and 2020, 37 OECD countries were examined. Hausman Test results show that fixed effects model should be accepted among models used in panel data analysis. In the obtained fixed effects model; It has been observed that there are different variances, autocorrelations and correlations between units. After all; It has been found that health expenditures and household consumption expenditure variables have a negative effect on economic growth. An increase of 1% in health expenditures reduces economic growth by 0.08%.
Anahtar Kelimeler
Kaynakça
- Acar, Y. (2020). Health Expenditure, Per Capita Gross Domestic Product and Relationship between Life Expectancy at Birth: The Case of Turkey. BMIJ, 8 (1), 624-639.
- Baltagi, B. H., Lagravinese, R., Moscone, F., and Tosetti, F. (2017). Health Care Expenditure and Income: A Global Perspective. Health Economics, 26 (7), 863- 874.
- Baltagi, B.H. (2010). Health care expenditure and income in the OECD reconsidered: Evidence from panel data, Econ. Modell, 27 (4), 804–811.
- Bloom, D.E., Canning, D. and Sevilla, J. (2001). The Effect of Health on Economic Growth: Theory and Evidence. National Bureau of Economic Research Working Paper, No: 8587, 1-26.
- Bloom, E. D., and Canning, D. (2000). The Health and Wealth of Nations,.Science AAAS, 287 (5456), 1207- 1209.
- Brempong, G., K., and Wilson, M. (2004). Health Human Capital and Economic Growth in Sub-Saharan African and OECD Countries. The Quarterly Review of Economics and Finance, 44(2), 296-630.
- Cima, J. and Almeida, A.S. (2018). Health Expenditure, GDP Growth and the Financial Crisis: A Panel Data Analysis for OECD European Countries. FEP Working Paper, No: 602.
- Cetin, M. and Ecevit, E. (2010). The Effect of Health Spending on Economic Growth: A Panel Regression Analysis on OECD Countries, Doguş University Journal, 11 (5), 166-182.
Ayrıntılar
Birincil Dil
İngilizce
Konular
Ekonomi
Bölüm
Araştırma Makalesi
Yazarlar
Yayımlanma Tarihi
11 Temmuz 2022
Gönderilme Tarihi
26 Mayıs 2022
Kabul Tarihi
1 Temmuz 2022
Yayımlandığı Sayı
Yıl 2022 Cilt: 7 Sayı: 2
APA
Ayvaz Güven, E. T. (2022). THE EFFECT OF HEALTH EXPENDITURES ON ECONOMIC GROWTH: AN ECONOMETRIC ANALYSIS. Al Farabi Uluslararası Sosyal Bilimler Dergisi, 7(2), 38-47. https://izlik.org/JA32ZT44SM
AMA
1.Ayvaz Güven ET. THE EFFECT OF HEALTH EXPENDITURES ON ECONOMIC GROWTH: AN ECONOMETRIC ANALYSIS. injosos. 2022;7(2):38-47. https://izlik.org/JA32ZT44SM
Chicago
Ayvaz Güven, Emine Türkan. 2022. “THE EFFECT OF HEALTH EXPENDITURES ON ECONOMIC GROWTH: AN ECONOMETRIC ANALYSIS”. Al Farabi Uluslararası Sosyal Bilimler Dergisi 7 (2): 38-47. https://izlik.org/JA32ZT44SM.
EndNote
Ayvaz Güven ET (01 Temmuz 2022) THE EFFECT OF HEALTH EXPENDITURES ON ECONOMIC GROWTH: AN ECONOMETRIC ANALYSIS. Al Farabi Uluslararası Sosyal Bilimler Dergisi 7 2 38–47.
IEEE
[1]E. T. Ayvaz Güven, “THE EFFECT OF HEALTH EXPENDITURES ON ECONOMIC GROWTH: AN ECONOMETRIC ANALYSIS”, injosos, c. 7, sy 2, ss. 38–47, Tem. 2022, [çevrimiçi]. Erişim adresi: https://izlik.org/JA32ZT44SM
ISNAD
Ayvaz Güven, Emine Türkan. “THE EFFECT OF HEALTH EXPENDITURES ON ECONOMIC GROWTH: AN ECONOMETRIC ANALYSIS”. Al Farabi Uluslararası Sosyal Bilimler Dergisi 7/2 (01 Temmuz 2022): 38-47. https://izlik.org/JA32ZT44SM.
JAMA
1.Ayvaz Güven ET. THE EFFECT OF HEALTH EXPENDITURES ON ECONOMIC GROWTH: AN ECONOMETRIC ANALYSIS. injosos. 2022;7:38–47.
MLA
Ayvaz Güven, Emine Türkan. “THE EFFECT OF HEALTH EXPENDITURES ON ECONOMIC GROWTH: AN ECONOMETRIC ANALYSIS”. Al Farabi Uluslararası Sosyal Bilimler Dergisi, c. 7, sy 2, Temmuz 2022, ss. 38-47, https://izlik.org/JA32ZT44SM.
Vancouver
1.Emine Türkan Ayvaz Güven. THE EFFECT OF HEALTH EXPENDITURES ON ECONOMIC GROWTH: AN ECONOMETRIC ANALYSIS. injosos [Internet]. 01 Temmuz 2022;7(2):38-47. Erişim adresi: https://izlik.org/JA32ZT44SM