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Investigated The Impact Of Health Spending On Economic Growth Of Oecd Countries

Author

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  • Mohammadreza Mohammadvand Nahidi

    (Department of Economics, College of Management, Economics and Accounting, Tabriz Branch, Islamic Azad University, Tabriz, Iran.)

  • Arash Ketabforoush Badri

    (Department of Economics, College of Management and Accounting, Qazvin Branch, Islamic Azad University, Qazvin, Iran.)

  • Saeed Ketabforoush Badri

    (Department of Medical, College of Medical, Tabriz Branch, Islamic Azad University, Tabriz, Iran.)

Abstract

This paper investigates the impact of health and hygiene spending on economic growth in the period 2005-2013 using panel data for 32 selected OECD countries. The results show that health spending has a significant and positive effect on economic growth, so that an increase of 1 percent of its value, economic growth 0/04 percent increased. Also, physical capital and the working population have a significant positive effect on economic growth. However, inflation had a negative effect on economic growth, as inflation increased the rate of economic growth decreased.

Suggested Citation

  • Mohammadreza Mohammadvand Nahidi & Arash Ketabforoush Badri & Saeed Ketabforoush Badri, 2015. "Investigated The Impact Of Health Spending On Economic Growth Of Oecd Countries," Post-Print hal-05364358, HAL.
    • Handle: RePEc:hal:journl:hal-05364358
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