The Dynamic Effects of Non-renewable Energy Production, CO2 Emissions, and Financial Development on Healthcare Spending

Qin Fan (), Zhenhua Zhang () and Yongrong Xin ()
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Qin Fan: Jiangsu Open University
Zhenhua Zhang: Jiangsu Open University
Yongrong Xin: Jiangsu Open University

Journal of the Knowledge Economy, 2024, vol. 15, issue 2, No 140, 8631 pages

Abstract: Abstract This study examines the importance of non-renewable energy production which has taken serious attention in the last couple of decades from academicians and policy makers. The objective of this study is to examine the dynamic relationships among non-renewable energy production from fossil resources, financial development, and carbon dioxide (CO2) emissions on healthcare expenditures. This study uses the balanced panel of twenty (OECD) countries and applied the panel vector auto-regression (VAR) econometric approach based on generalized method of moment (GMM). The results show that non-renewable energy production has significant impact on healthcare expenditures and financial development, whereas non-renewable energy production and carbon dioxide (CO2) emissions have a negative effect.

Keywords: Energy production; Healthcare expenditure; CO2 emissions; Financial development (search for similar items in EconPapers)
JEL-codes: D11 E13 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s13132-023-01393-8

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