The dynamic relationship between health expenditure and economic growth: is the health-led growth hypothesis valid for Turkey?
EUROPEAN JOURNAL OF HEALTH ECONOMICS, cilt.18, sa.5, ss.567-574, 2017 (SSCI, Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 18 Sayı: 5
- Basım Tarihi: 2017
- Doi Numarası: 10.1007/s10198-016-0810-5
- Dergi Adı: EUROPEAN JOURNAL OF HEALTH ECONOMICS
- Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
- Sayfa Sayıları: ss.567-574
- Hacettepe Üniversitesi Adresli: Evet
Özet
The well-known health-led growth hypothesis claims a positive correlation between health expenditure and economic growth. The aim of this paper is to empirically investigate the health-led growth hypothesis for the Turkish economy. The bound test approach, autoregressive-distributed lag approach (ARDL) and Kalman filter modeling are employed for the 1975-2013 period to examine the co-integration relationship between economic growth and health expenditure. The ARDL model is employed in order to investigate the long-term and short-term static relationship between health expenditure and economic growth. The results show that a 1 % increase in per-capita health expenditure will lead to a 0.434 % increase in per-capita gross domestic product. These findings are also supported by the Kalman filter model's results. Our findings show that the health-led growth hypothesis is supported for Turkey.