THE RELATIONSHIP BETWEEN HEALTH DEVELOPMENT INDEX AND FINANCIAL DEVELOPMENT INDEX: EVIDENCE FROM HIGH INCOME COUNTRIES

Ayhan Kuloğlu () and Eyyup Ecevi̇t ()

Journal of Research in Economics, Politics & Finance, 2017, vol. 2, issue 2, 83-95

Abstract: Economic growth is a complex process affected by many factors at different levels which is commonly proxied by health. In this study, the causal between health and financial development is investegated using heteregenuis panel causality test over the period 1991-2014. To this end, Principal component analysis is initially applied to construct indexes for each variable. Results show that health development indexgranger causes financial development index.

Keywords: Health; Human Capital; Financial Development (search for similar items in EconPapers)
JEL-codes: B26 I1 J24 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ahs:journl:v:2:y:2017:i:2:p:83-95

DOI: 10.30784/epfad.346935

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