Convergence of economic growth and health expenditures in OECD countries: Evidence from non-linear unit root tests.

ABSTRACT:

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 t

SUBMITTER: Celik EU 

PROVIDER: S-EPMC10065192 | biostudies-literature | 2023

REPOSITORIES: biostudies-literature