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NON-LINEAR PANEL DATA ANALYSIS BETWEEN ECONOMIC GROWTH AND HEALTH EXPENDITURES

Year 2023, Issue: 23, 988 - 1018, 22.12.2023
https://doi.org/10.21441/sosyalguvence.1343421

Abstract

In the 1960s, endogenous growth theories revealed that human capital as much effect as physical capital in economic growth. Then, it was focused on how to increase human capital accumulation, and it was determined that first of all, education and then health were two main components. There are a lot of studies in the literature trying to assess the relationship between health expenditures and economic growth. In the studies on the relationship between economic growth and health expenditures, which is the subject of this study, it has been observed that economic growth is increased by health expenditures generally, but there are some studies that show that it does not affect economic growth even decrease. In this study, the relationship between health expenditures and economic growth has been examined for OECD countries, including Turkey, with two different methods: dynamic panel data analysis and non-linear panel data analysis. In these methods, firstly, the relationship between health expenditures and economic growth is examined, then the other components of economic growth that are generally accepted in the literature, such as capital accumulation, total factor productivity and the democracy index, whose effects on economic growth are discussed, are included in the model to determine the effect of health expenditures on economic growth has been studied.

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EKONOMİK BÜYÜME VE SAĞLIK HARCAMALARI ARASINDA LİNEER OLMAYAN PANEL VERİ ANALİZİ

Year 2023, Issue: 23, 988 - 1018, 22.12.2023
https://doi.org/10.21441/sosyalguvence.1343421

Abstract

Beşeri sermaye birikiminin ekonomik büyüme üzerinde en az fiziki sermaye birikimi kadar önemli olduğu 1960’larda içsel büyüme teorileri ile ortaya konmuştur. Ardından beşeri sermaye birikiminin nasıl artılacağı üzerine odaklanılmış, öcelikle eğitim ardından da sağlığın iki ana bileşen olduğu tespit edilmiştir.
Literatürde ekonomik büyüme ile sağlık harcamalarının ilişkisi üzerine bir çok çalışma mevcuttur. Bu tezin konusu olan sağlık harcamaları ile ekonomik büyüme arasındaki ilişki üzerine yapılan çalışmalarda genellikle sağlık harcamalarının ekonomik büyümeyi artırdığı görülmüş olsa da, hiç etkilemediği ya da ekonomik büyümeyi düşürdüğüne dair çalışmalar da mevcuttur.
Bu çalışmada sağlık harcamaları ve ekonomik büyüme ilişkisi Türkiye’nin de içinde bulunduğu OECD ülkeleri için dinamik panel veri analizi ve non lineer panel veri analizi olmak üzere iki ayrı yöntemle incelenmiştir. Bu yöntemlerde öncelikle ekonomik büyüme ve sağlık harcamaları arasındaki ikişki incelenirken, ardından ekonomik büyümenin literatürde genel kabul gören diğer bileşenleri olan sermaye birikimi, toplam faktör verimliliği ve ekonomik büyüme üzerinde etkisi tartışılan demokrasi endeksi gibi bileşenler de modele dahil edilerek sağlık harcamalarının ekonomik büyüme üzrindeki etkisi tespit edilmeye çalışılmıştır.

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Details

Primary Language English
Subjects Health Policy
Journal Section Makaleler
Authors

Murat Binay 0000-0002-9987-1492

Okan Aydın 0009-0009-7489-8582

Early Pub Date December 12, 2023
Publication Date December 22, 2023
Published in Issue Year 2023 Issue: 23

Cite

APA Binay, M., & Aydın, O. (2023). NON-LINEAR PANEL DATA ANALYSIS BETWEEN ECONOMIC GROWTH AND HEALTH EXPENDITURES. Sosyal Güvence(23), 988-1018. https://doi.org/10.21441/sosyalguvence.1343421