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- Title
The dynamic relationship between health expenditure and economic growth: is the health-led growth hypothesis valid for Turkey?
- Authors
Atilgan, Emre; Kilic, Dilek; Ertugrul, Hasan; Ertugrul, Hasan Murat
- Abstract
The well-known health-led growth hypothesis claims a positive correlation between health expenditure and economic growth. The aim of this paper is to empirically investigate the health-led growth hypothesis for the Turkish economy. The bound test approach, autoregressive-distributed lag approach (ARDL) and Kalman filter modeling are employed for the 1975-2013 period to examine the co-integration relationship between economic growth and health expenditure. The ARDL model is employed in order to investigate the long-term and short-term static relationship between health expenditure and economic growth. The results show that a 1 % increase in per-capita health expenditure will lead to a 0.434 % increase in per-capita gross domestic product. These findings are also supported by the Kalman filter model's results. Our findings show that the health-led growth hypothesis is supported for Turkey.
- Subjects
ECONOMIC development; PUBLIC spending; KALMAN filtering; HEALTH; AUTOREGRESSIVE models; FINANCE
- Publication
European Journal of Health Economics, 2017, Vol 18, Issue 5, p567
- ISSN
1618-7598
- Publication type
journal article
- DOI
10.1007/s10198-016-0810-5