THE RELATIONSHIP BETWEEN HUMAN DEVELOPMENT AND HEALTH EXPENDITURES: EVIDENCE FROM THE DRISCOLL-KRAAY ESTIMATOR

Yıl 2023, Cilt: 21 Sayı: 3, 163 - 175, 14.10.2023

Rüya Ataklı Yavuz , Refika Görkem Yılmaztürk

https://doi.org/10.11611/yead.1344037

Cited By: 1

Öz

In this study employing panel data methods, it was aimed to econometrically test the relationship between human development and health expenditures in 25 OECD countries using data from the 2003-2019 period. For this purpose, in the econometric model established, the Human Development Index is included as the dependent variable to represent human development, while public health expenditures and household voluntary health expenditures are included as independent variables to represent health expenditures. The results of the empirical analyses indicate a positive and statistically significant relationship between health expenditures and human development. Accordingly, considering the overall panel based on the aforementioned period and group of countries, it is concluded that a 1 unit increase in public health expenditures increases the Human Development Index value by 0.11 units. Similarly, it was observed that a 1 unit increase in household voluntary health expenditures also increases the Human Development Index value by 0.03 units. Therefore, it is concluded that increases in investments in health, both by the public sector and at the household level, and thus the increase in health expenditures, will support human development in this group of countries.

Anahtar Kelimeler

Human Development Index, Health expenditures, Panel data

Kaynakça

• Akbar, M., Hussain, A., Akbar, A., ve Ullah, I. (2021) “The Dynamic Association between Healthcare Spending, CO2 Emissions, and Human Development Index in OECD Countries: Evidence from Panel VAR Model”,
• Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, 23(7): 10470-10489.
• Avcı, B. S. (2022) “Türkiye’de Kamu Eğitim ve Sağlık Harcamaları ile Gelir Eşitsizliğinin İnsani Kalkınma Üzerine Etkisi”, Uluslararası Yönetim İktisat ve İşletme Dergisi, 18(4): 1069-1088.
• Babadağlı, S. (2019) “Krom Üretim Miktarı ve Fiyatlarının Panel Veri Kullanılarak Modellenmesi”, Yüksek Lisans Tezi, Hacettepe Üniversitesi, Fen Bilimleri Enstitüsü, Ankara.
• Güriş, S. (2018) “Uygulamalı Panel Veri Ekonometrisi”, İstanbul: Der Yayınları.
• Hsiao, C. (2003) “Analysis of Panel Data (2. baskı)”, Cambridge: Cambridge Universty Press.
• Maharda, J. B. ve Aulia, B. Z. (2020) “Government Expenditure and Human Development in Indonesia”, Jambura Equilibrium Journal, 2(2): 81-94.
• Miranda‐Lescano, R., Muinelo‐Gallo, L. ve Roca‐Sagalés, O. (2023) “Human Development and Decentralization: The Importance of Public Health Expenditure”, Annals of Public and Cooperative Economics, 94(1): 191-219.
• Opreana, A. ve Mihaiu D. M. (2011) “Correlation Analysis Between the Health System and Human Development Level within the European Union”, International Journal of Trade, Economics and Finance, 2(2): 99-102.
• Prasetyo, A.D., ve Ubaidillah, Z. (2013) “The Government Expenditure Efficiency Towards the Human Development", Procedia Economics and Finance, 5: 615-622.
• Razmi, M.J., Abbasian, E. ve Mohammadi, S. (2012) ‘‘Investigating the Effect of Government Health Expenditure on HDI in Iran’’, Journal of Knowledge Management, Economics and Information Technology, 2(5): 1-8.
• Sachs, J. D., Ahluwalia, I. J., Amoako, K. Y., Aninat, E., Cohen, D., Diabre, Z., ve Fogel, R. (2001) “Investing in Health for Economic Development. WHO, Scaling Up Response to Infectious Diseases”, Geneva: WHO.
• Sachs, J.D. (2001) “Macroeconomics and Health: Investing in Health for Economic Development, Report of the Commission on Macroeconomics and Health”, World Health Organization, Switzerland.
• Savsar, A. (2012) “Finansal Oranlarla Firma Değeri Arasındaki İlişki ve İstanbul Menkul Kıymetler Borsası’nda Bir Uygulama”, Yüksek Lisans Tezi, Gaziosmanpaşa Üniversitesi, Sosyal Bilimler Enstitüsü, Tokat.
• Şaşmaz, M.Ü., Odabaş, H. ve Yayla, Y. E. (2019) “OECD Ülkelerinde Sağlık Harcamaları ile Kalkınma Arasındaki İlişki: Panel Veri Analizi”, Yönetim ve Ekonomi Dergisi, 26(3): 851-866.
• UNDP (2023a) “What is Human Development?”, https://hdr.undp.org/about/human-development, (18.07.2023).
• UNDP (2023b) “Human Development Index (HDI)”, https://hdr.undp.org/data-center/human-development-index#/indicies/HDI, (18.07.2023).
• Yalçın, A. Z. ve Çakmak, F. (2016) “Türkiye’de Kamu Sağlık Harcamalarının İnsani Gelişim Üzerindeki Etkisi”, Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, 30(4): 705-723.
• Yerdelen Tatoğlu, F. (2020) “İleri Panel Veri Analizi Stata Uygulamalı (4. Baskı)”, İstanbul: Beta Yayınları.
• Yılancı, V. (2012) “Yumuşak Geçişli Panel Regresyon Modelleri ve E7 Ülkelerinde Çevresel Kuznets Eğrisi Hipotezinin Sınanması”, Doktora Tezi, İstanbul Üniversitesi, Sosyal Bilimler Enstitüsü, İstanbul.