HEALTH EXPENDITURE AND ECONOMIC GROWTH: IS THE HEALTHLED GROWTH HYPOTHESİS SUPPORTED FOR SELECTED OECD COUNTRIES?

The aim of this study was to investigate the health-led growth hypothesis in selected 19 OECD countries. Therefore, in this study, different cointegration tests were applied to investigate the relationship between health expenditures and economic growth for the period 1980-2017. The coefficients of...

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Bibliographic Details
Published in:Poslovna izvrsnost - Business excellence
Main Authors: Ayşe Özge Artekin, Sevilay Konya
Format: Article in Journal/Newspaper
Language:English
Croatian
Published: University of Zagreb, Croatia / Faculty of Economics and Business / Department of Trade and International Business 2020
Subjects:
Health-Led Growth
Cointegration Test
OECD Countries
Business
HF5001-6182
Iceland
Online Access:https://doi.org/10.22598/pi-be/2020.14.1.77
https://doaj.org/article/7a2804656d8144ffa8633a2877aa43b9
Description
Summary:The aim of this study was to investigate the health-led growth hypothesis in selected 19 OECD countries. Therefore, in this study, different cointegration tests were applied to investigate the relationship between health expenditures and economic growth for the period 1980-2017. The coefficients of the panel regression equation were estimated by the fixed effect method. According to the results, long-term relationship between health expenditures and economic growth was found. Health-led growth hypothesis for selected OECD countries (Australia, Austria, Belgium, Canada, Denmark, Finland, Iceland, Ireland, Japan, Korea, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, United Kingdom, United States) are supported. That is, a long-term relationship between health expenditure and economic growth has been found.

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