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Health Expenditure And Economic Growth: Is The Healthled Growth Hypothesi̇s Supported For Selected Oecd Countries?

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  • Ayşe Özge Artekin

    (Ph.D. Candidate at Selçuk University, Department of Finance Banking and Insurance, Yunak Vocational School, Turkey)

  • Sevilay Konya

    (Selçuk University, Department of Management and Organization, Taşkent Vocational School, Turkey)

Abstract

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

Suggested Citation

  • Ayşe Özge Artekin & Sevilay Konya, 2020. "Health Expenditure And Economic Growth: Is The Healthled Growth Hypothesi̇s Supported For Selected Oecd Countries?," Poslovna izvrsnost-Business Excellence, University of Zagreb Faculty of Economics & Business, vol. 14(1), pages 77-89.
    • Handle: RePEc:zag:busexc:v:14:y:2020:i:1:p:77-89
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