The relationship between health expenditure indicators and economic growth in OECD countries: A Driscoll-Kraay approach

Basit Öğe Kaydı
dc.contributor.authorBeylik, Umut
dc.contributor.authorÇıraklı, Ümit
dc.contributor.authorÇetin, Murat
dc.contributor.authorEcevit, Eyyüp
dc.contributor.authorŞenol, Osman
dc.date.accessioned2023-05-06T17:22:06Z
dc.date.available2023-05-06T17:22:06Z
dc.date.issued2022
dc.departmentFakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü
dc.description.abstractIntroductionThe main purpose of the study is to examine the relationship between health expenditure indicators and economic growth in OECD countries. MethodsIn this context, health expenditures and economic indicators data of 21 OECD countries were analyzed by the Driscoll-Kraay standard error approach within the scope of panel data analysis. While Gross Domestic Product (GDP) and income per capita were used as dependent variables, the amount of out-of-pocket health spending, per capita health expenditure, the amount of public health expenditure, the ratio of drug expenditures to gross domestic product, the share of current health expenditures in GDP were used as independent variables. ResultsAccording to the results, in the model (Model 1) where real GDP level was used as the dependent variable, all health expenditure indicators were positively related to the economic growth. When the estimation results of Model 1 are examined, it is predicted that there will be an increase of 0.09% in GDP in case of a 1% increase in the share allocated to health services from GDP. In case of a 1% increase in the amount of out-of-pocket spending on healthcare, it is foreseen that there may be an increase of 0.04% in the real GDP. In the model (Model 2) where the per capita income variable is the dependent variable, it is seen that the increase in out- of-pocket health spending has a decreasing effect on the per capita income level, while the increase in public expenditures has an increasing effect on the per capita income level. From the findings of Model 2, it was found that if a 1% increase in the share of current health expenditures in GDP, there may be an increase of 0.06% in the amount of per capita income. DiscussionConcludingly, it is possible to say that that public resources allocated to health services play an important role in the economic growth.
dc.identifier.doi10.3389/fpubh.2022.1050550
dc.identifier.issn2296-2565
dc.identifier.pmid36478719
dc.identifier.scopus2-s2.0-85143297325
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.3389/fpubh.2022.1050550
dc.identifier.urihttps://hdl.handle.net/20.500.11776/12022
dc.identifier.volume10
dc.identifier.wosWOS:000893287700001
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.indekslendigikaynakPubMed
dc.institutionauthorÇetin, Murat
dc.language.isoen
dc.publisherFrontiers Media Sa
dc.relation.ispartofFrontiers In Public Health
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjecthealth expenditures
dc.subjecteconomic growth
dc.subjectOECD countries
dc.subjectDriscoll-Kraay standard error approach
dc.subjectpanel data analysis
dc.subjectPublic-Health
dc.subjectDeterminants
dc.subjectInvestment
dc.subjectEmissions
dc.subjectImpact
dc.titleThe relationship between health expenditure indicators and economic growth in OECD countries: A Driscoll-Kraay approach
dc.typeArticle

Dosyalar

Orijinal paket
Listeleniyor 1 - 1 / 1
Küçük Resim
İsim:
12022.pdf
Boyut:
257.72 KB
Biçim:
Adobe Portable Document Format
Açıklama:
Tam Metin / Full Text
İndir

Koleksiyon

WoS İndeksli Yayınlar Koleksiyonu
İktisadi ve İdari Bilimler Fakültesi Koleksiyonu
PubMed İndeksli Yayın Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu