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Health Expendıtures and Economıc Growth: Evıdence from G8 Countries

Author

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  • Serdar Ozturk

    (Department of Economics, Nevsehir Haci Bektas Veli University, Turkey)

  • Ebru Topcu

Abstract

Health-growth literature generally includes studies on developing countries. Unlike previous health-growth literature, this paper investigates this issue in context of developed countries, G8 countries, within a panel framework. Annual data ranging from 1995 to 2012 are used for this investigation in the presence of capital stock. Kao (1999) panel cointegration results indicate the existence of a long-run equilibrium between the two. The findings from panel error correction model show the existence of growth hypothesis in the short-run whereas the validity of growth-detriment hypothesis is confirmed in the long-run. This studoy opens new directions for policy making authorities.

Suggested Citation

  • Serdar Ozturk & Ebru Topcu, 2014. "Health Expendıtures and Economıc Growth: Evıdence from G8 Countries," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 2(6), pages 256-261, June.
    • Handle: RePEc:ijr:journl:v:2:y:2014:i:6:p:256-261
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    References listed on IDEAS

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    Cited by:

    1. Samia Nasreen, 2021. "Association between health expenditures, economic growth and environmental pollution: Long‐run and causality analysis from Asian economies," International Journal of Health Planning and Management, Wiley Blackwell, vol. 36(3), pages 925-944, May.

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    More about this item

    Keywords

    Health Expenditures; Economic Growth; G8 Countries;
    All these keywords.

    JEL classification:

    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development

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