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The Relationship Between Health Development Index And Financial Development Index: Evidence From High Income Countries

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  • Ayhan KULOĞLU
  • Eyyup ECEVİT

Abstract

Economic growth is a complex process affected by many factors at different levels which is commonly proxied by health. In this study, the causal between health and financial development is investegated using heteregenuis panel causality test over the period 1991-2014. To this end, Principal component analysis is initially applied to construct indexes for each variable. Results show that health development indexgranger causes financial development index.

Suggested Citation

  • Ayhan KULOĞLU & Eyyup ECEVİT, 2017. "The Relationship Between Health Development Index And Financial Development Index: Evidence From High Income Countries," Journal of Research in Economics, Politics & Finance, Ersan ERSOY, vol. 2(2), pages 83-95.
    • Handle: RePEc:ahs:journl:v:2:y:2017:i:2:p:83-95
    DOI: 10.30784/epfad.346935
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    More about this item

    Keywords

    Health; Human Capital; Financial Development;
    All these keywords.

    JEL classification:

    • I1 - Health, Education, and Welfare - - Health
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • B26 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Financial Economics

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