INVESTIGATED THE IMPACT OF HEALTH SPENDING ON ECONOMIC GROWTH OF OECD COUNTRIES

Mohammadreza Mohammadvand Nahidi, Arash Ketabforoush Badri and Saeed Ketabforoush Badri
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Mohammadreza Mohammadvand Nahidi: Department of Economics, College of Management, Economics and Accounting, Tabriz Branch, Islamic Azad University, Tabriz, Iran.
Arash Ketabforoush Badri: Department of Economics, College of Management and Accounting, Qazvin Branch, Islamic Azad University, Qazvin, Iran.
Saeed Ketabforoush Badri: Department of Medical, College of Medical, Tabriz Branch, Islamic Azad University, Tabriz, Iran.

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Abstract: This paper investigates the impact of health and hygiene spending on economic growth in the period 2005-2013 using panel data for 32 selected OECD countries. The results show that health spending has a significant and positive effect on economic growth, so that an increase of 1 percent of its value, economic growth 0/04 percent increased. Also, physical capital and the working population have a significant positive effect on economic growth. However, inflation had a negative effect on economic growth, as inflation increased the rate of economic growth decreased.

Date: 2015-10-28
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Published in Journal of Global Economics, Management and Business Research, 2015, 5 (4), pp.280-283

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05364358

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