Healthcare Expenditures Channel of Natural Resource Curse: The Case of Gulf Cooperation Council Countries

Seyfettin Erdo An, Emrah smail Evik and Ayfer Gedikli
Additional contact information
Seyfettin Erdo An: Istanbul Medeniyet University, Turkey,
Emrah smail Evik: Nam k Kemal University, Turkey,
Ayfer Gedikli: Istanbul Medeniyet University, Turkey.
Authors registered in the RePEc Author Service: Emrah İsmail Çevik

International Journal of Energy Economics and Policy, 2020, vol. 10, issue 2, 285-293

Abstract: The fact that the increase in natural resource revenues is not adequately transferred to human capital investments is one of the main reasons for explaining the weak economic growth performance. The findings of numerous studies investigating the relationship between healthcare expenditures and natural resource abundance in natural resource-rich countries confirm this assertion. These findings can be considered as a source of information in the process of determining the policies regarding human capital investments to be implemented in natural resource-rich countries. The aim of this study is to investigate the relationship between the abundance of natural resources and health expenditures by using data from 2000 to 2016 for GCC (Gulf Cooperation Council) member countries consisting of United Arab Emirates, Bahrain, Qatar, Kuwait, Saudi Arabia and Oman. The empirical results indicated that there is no causal relationship between the variables of GCC countries except Bahrain and UAE. This result shows that the resource curse hypothesis is partially valid. Therefore, GCC countries aiming to increase their economic growth performances by implementing a diversification strategy in production should allocate more sources to health expenditures in order to increase their labor efficiency.

Keywords: healthcare expenditures; natural resource; Gulf Cooperation Council member countries (search for similar items in EconPapers)
JEL-codes: H51 J24 N55 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/8667/4896 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/8667/4896 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2020-02-34

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().