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Convergence of economic growth and health expenditures in OECD countries: Evidence from non-linear unit root tests
INTRODUCTION: The relationship between human capital, health spending, and economic growth is frequently neglected in the literature. However, one of the main determinants of human capital is health expenditures, where human capital is one of the driving forces of growth. Consequently, health expend...
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Formato: | Online Artículo Texto |
Lenguaje: | English |
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Frontiers Media S.A.
2023
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Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10065192/ https://www.ncbi.nlm.nih.gov/pubmed/37006593 http://dx.doi.org/10.3389/fpubh.2023.1125968 |
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author | Celik, Esref Ugur Omay, Tolga Tengilimoglu, Dilaver |
author_facet | Celik, Esref Ugur Omay, Tolga Tengilimoglu, Dilaver |
author_sort | Celik, Esref Ugur |
collection | PubMed |
description | INTRODUCTION: The relationship between human capital, health spending, and economic growth is frequently neglected in the literature. However, one of the main determinants of human capital is health expenditures, where human capital is one of the driving forces of growth. Consequently, health expenditures affect growth through this link. METHODS: In the study, these findings have been attempted to be empirically tested. Along this axis, health expenditure per qualified worker was chosen as an indicator of health expenditure, and output per qualified worker was chosen as an indicator of economic growth. The variables were treated with the convergence hypothesis. Due to the non-linear nature of the variables, the convergence hypothesis was carried out with non-linear unit root tests. RESULTS: The analysis of 22 OECD countries from 1976 to 2020 showed that health expenditure converged for all countries, and there was a significant degree of growth convergence (except for two countries). These findings show that health expenditure convergence has significantly contributed to growth convergence. DISCUSSION: Policymakers should consider the inclusiveness and effectiveness of health policies while making their economic policies, as health expenditure convergence can significantly impact growth convergence. Further research is needed to understand the mechanisms behind this relationship and identify specific health policies most effective in promoting economic growth. |
format | Online Article Text |
id | pubmed-10065192 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2023 |
publisher | Frontiers Media S.A. |
record_format | MEDLINE/PubMed |
spelling | pubmed-100651922023-04-01 Convergence of economic growth and health expenditures in OECD countries: Evidence from non-linear unit root tests Celik, Esref Ugur Omay, Tolga Tengilimoglu, Dilaver Front Public Health Public Health INTRODUCTION: The relationship between human capital, health spending, and economic growth is frequently neglected in the literature. However, one of the main determinants of human capital is health expenditures, where human capital is one of the driving forces of growth. Consequently, health expenditures affect growth through this link. METHODS: In the study, these findings have been attempted to be empirically tested. Along this axis, health expenditure per qualified worker was chosen as an indicator of health expenditure, and output per qualified worker was chosen as an indicator of economic growth. The variables were treated with the convergence hypothesis. Due to the non-linear nature of the variables, the convergence hypothesis was carried out with non-linear unit root tests. RESULTS: The analysis of 22 OECD countries from 1976 to 2020 showed that health expenditure converged for all countries, and there was a significant degree of growth convergence (except for two countries). These findings show that health expenditure convergence has significantly contributed to growth convergence. DISCUSSION: Policymakers should consider the inclusiveness and effectiveness of health policies while making their economic policies, as health expenditure convergence can significantly impact growth convergence. Further research is needed to understand the mechanisms behind this relationship and identify specific health policies most effective in promoting economic growth. Frontiers Media S.A. 2023-03-17 /pmc/articles/PMC10065192/ /pubmed/37006593 http://dx.doi.org/10.3389/fpubh.2023.1125968 Text en Copyright © 2023 Celik, Omay and Tengilimoglu. https://creativecommons.org/licenses/by/4.0/This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms. |
spellingShingle | Public Health Celik, Esref Ugur Omay, Tolga Tengilimoglu, Dilaver Convergence of economic growth and health expenditures in OECD countries: Evidence from non-linear unit root tests |
title | Convergence of economic growth and health expenditures in OECD countries: Evidence from non-linear unit root tests |
title_full | Convergence of economic growth and health expenditures in OECD countries: Evidence from non-linear unit root tests |
title_fullStr | Convergence of economic growth and health expenditures in OECD countries: Evidence from non-linear unit root tests |
title_full_unstemmed | Convergence of economic growth and health expenditures in OECD countries: Evidence from non-linear unit root tests |
title_short | Convergence of economic growth and health expenditures in OECD countries: Evidence from non-linear unit root tests |
title_sort | convergence of economic growth and health expenditures in oecd countries: evidence from non-linear unit root tests |
topic | Public Health |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10065192/ https://www.ncbi.nlm.nih.gov/pubmed/37006593 http://dx.doi.org/10.3389/fpubh.2023.1125968 |
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