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The Dynamic Effects of Non-renewable Energy Production, CO2 Emissions, and Financial Development on Healthcare Spending

Author

Listed:
  • Qin Fan

    (Jiangsu Open University)

  • Zhenhua Zhang

    (Jiangsu Open University)

  • Yongrong Xin

    (Jiangsu Open University)

Abstract

This study examines the importance of non-renewable energy production which has taken serious attention in the last couple of decades from academicians and policy makers. The objective of this study is to examine the dynamic relationships among non-renewable energy production from fossil resources, financial development, and carbon dioxide (CO2) emissions on healthcare expenditures. This study uses the balanced panel of twenty (OECD) countries and applied the panel vector auto-regression (VAR) econometric approach based on generalized method of moment (GMM). The results show that non-renewable energy production has significant impact on healthcare expenditures and financial development, whereas non-renewable energy production and carbon dioxide (CO2) emissions have a negative effect.

Suggested Citation

  • Qin Fan & Zhenhua Zhang & Yongrong Xin, 2024. "The Dynamic Effects of Non-renewable Energy Production, CO2 Emissions, and Financial Development on Healthcare Spending," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 8621-8631, June.
    • Handle: RePEc:spr:jknowl:v:15:y:2024:i:2:d:10.1007_s13132-023-01393-8
    DOI: 10.1007/s13132-023-01393-8
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    References listed on IDEAS

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    More about this item

    Keywords

    Energy production; Healthcare expenditure; CO2 emissions; Financial development;
    All these keywords.

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical

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