An investigation of the relationship between health care expenditures and economic growth

In the 1960s, endogenous growth theories revealed that human capital accumulation is at least as important as physical capital accumulation on economic growth. Then, it was focused on how to increase the accumulation of human capital, and it was determined that the two main components were primarily education and then health. There are many studies in the literature on the relationship between economic growth and health expenditures. In the studies on the relationship between health expenditures and economic growth, although it has been observed that health expenditures generally increase economic growth, there are also studies that do not affect economic growth or decrease economic growth. In this study, the relationship between health expenditures and economic growth has been examined for OECD countries with five different methods: panel data analysis, structural break panel data analysis, panel causality test, dynamic panel data analysis and non-linear panel data analysis. In these methods, firstly, the relationship between economic growth and health expenditures was examined. Then, the other generally accepted components of economic growth in the literature, such as capital accumulation, total factor productivity and the democracy index, whose effects on economic growth are discussed, were included in the model and the effect of health expenditures on economic growth was determined.

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Eser Adı
(dc.title)
An investigation of the relationship between health care expenditures and economic growth
Yazar [Asıl]
(dc.creator.author)
Binay, Murat
Yazar Departmanı
(dc.creator.department)
Yeditepe University Graduate School of Social Sciences
Yazar Departmanı
(dc.creator.department)
Yeditepe University Graduate School of Social Sciences Doctoral Program in Financial Economics
Yayın Tarihi
(dc.date.issued)
2023
Yayın Turu [Akademik]
(dc.type)
preprint
Yayın Türü [Ortam]
(dc.format)
application/pdf
Konu Başlıkları [Genel]
(dc.subject)
Economic Growth
Konu Başlıkları [Genel]
(dc.subject)
Health Expenditures
Konu Başlıkları [Genel]
(dc.subject)
Non-Linear Panel Data Analysis
Konu Başlıkları [Genel]
(dc.subject)
Ekonomik Büyüme
Konu Başlıkları [Genel]
(dc.subject)
Sağlık harcamaları
Konu Başlıkları [Genel]
(dc.subject)
Doğrusal Olmayan Panel Veri Analizi
Yayıncı
(dc.publisher)
Yeditepe University Academic and Open Access Information System
Dil
(dc.language.iso)
eng
Özet Bilgisi
(dc.description.abstract)
In the 1960s, endogenous growth theories revealed that human capital accumulation is at least as important as physical capital accumulation on economic growth. Then, it was focused on how to increase the accumulation of human capital, and it was determined that the two main components were primarily education and then health. There are many studies in the literature on the relationship between economic growth and health expenditures. In the studies on the relationship between health expenditures and economic growth, although it has been observed that health expenditures generally increase economic growth, there are also studies that do not affect economic growth or decrease economic growth. In this study, the relationship between health expenditures and economic growth has been examined for OECD countries with five different methods: panel data analysis, structural break panel data analysis, panel causality test, dynamic panel data analysis and non-linear panel data analysis. In these methods, firstly, the relationship between economic growth and health expenditures was examined. Then, the other generally accepted components of economic growth in the literature, such as capital accumulation, total factor productivity and the democracy index, whose effects on economic growth are discussed, were included in the model and the effect of health expenditures on economic growth was determined.
Kayıt Giriş Tarihi
(dc.date.accessioned)
2024-01-18
Açık Erişim Tarihi
(dc.date.available)
2024-01-18
Haklar
(dc.rights)
Yeditepe University Academic and Open Access Information System
Erişim Hakkı
(dc.rights.access)
Open Access
Telif Hakkı
(dc.rights.holder)
Unless otherwise stated, copyrights belong to Yeditepe University. Usage permissions are specified in the Open Access System, and "InC-NC/1.0" and "by-nc-nd/4.0" are as stated.
Telif Hakkı Url
(dc.rights.uri)
http://creativecommons.org/licenses/by-nc-nd/4.0
Telif Hakkı Url
(dc.rights.uri)
https://rightsstatements.org/page/InC-NC/1.0/?language=en
Açıklama [Genel]
(dc.description)
Final published version
Açıklama [Not]
(dc.description.note)
Note: This preprint reports new research that has not been certified by peer review and should not be used as established information without consulting multiple experts in the field.
Tanım Koleksiyon Bilgisi
(dc.description.collectioninformation)
This item is part of the preprint collection made available through Yeditepe University library. For your questions, our contact address is openaccess@yeditepe.edu.tr
Tek Biçim Adres
(dc.identifier.uri)
https://hdl.handle.net/20.500.11831/8195
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