Health Expendıtures and Economıc Growth: Evıdence from G8 Countries

Serdar Öztürk () and Ebru Topcu

International Journal of Economics and Empirical Research (IJEER), 2014, vol. 2, issue 6, 256-261

Abstract: Health-growth literature generally includes studies on developing countries. Unlike previous health-growth literature, this paper investigates this issue in context of developed countries, G8 countries, within a panel framework. Annual data ranging from 1995 to 2012 are used for this investigation in the presence of capital stock. Kao (1999) panel cointegration results indicate the existence of a long-run equilibrium between the two. The findings from panel error correction model show the existence of growth hypothesis in the short-run whereas the validity of growth-detriment hypothesis is confirmed in the long-run. This studoy opens new directions for policy making authorities.

Keywords: Health Expenditures; Economic Growth; G8 Countries (search for similar items in EconPapers)
JEL-codes: H51 I15 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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