The Impact of Health Expenditures on Economic Growth: A Practical Work

Bünyamin Demirgil, Fatih Şantaş, Gülcan Şantaş

Abstract


In this study, the existence of a long-term relationship between economic growth and health expenditures was analyzed using the ARDL boundary test approach using Turkey's monthly data for 2010: 01-2016: 12.

As a result of the analysis, there was a cointegration relation between the series. Health spending during the period examined in Turkey has a positive effect on economic growth as positive direction and statistical significance. According to the analysis result, a 1% increase in health spending increases the economic growth by 0,55%. This shows that increases in health spending in economic growth in Turkey are effective.

The Toda Yamamoto causality test was conducted to test the causality relationship between variables in the study. According to the result of the test, there is a causality relation to health spending without economic growth.

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