THE RELATIONSHIP BETWEEN HEALTH AND GROWTH IN EURASIAN ECONOMIC UNION

Ayhan Kuloglu () and Ebru Topcu
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Ayhan Kuloglu: Nevsehir Haci Bektas Veli University, Turkey
Ebru Topcu: Nevsehir Haci Bektas Veli University, Turkey

Eurasian Journal of Economics and Finance, 2016, vol. 4, issue 4, 42-48

Abstract: This paper examines the long run and causal relationship between health expenditures and economic growth in the in Eurasian Economic Union over the period 1995-2014. For this examination, panel cointegration and causality methodologies are utilized. Cointegration results which obtained from Pedroni and Kao tests support an evidence of a long run relationship among the variables under investigation. Long run elasticities indicate that health expenditures affect growth positively. Causality results, on the other side, provide a strong support of a bidirectional running between health expenditures and economic growth both in the short and in the long run.

Keywords: Health Expenditures; Economic Growth; Eurasian Economic Union Journal: Eurasian Journal of Economics and Finance (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ejn:ejefjr:v:4:y:2016:i:4:p:42-48

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