Gelişmiş Ülkelerde Kamusal Sağlık Harcamaları ve Sermaye Birikimi İlişkisi: Panel Eşbütünleşme Analizi

Abstract

In the 2000s, expenditures made in the health sector around the world grew proportionally faster than economic growth. A similar trend is observed when countries are analyzed by high, middle and low income groups. In order to determine the effects on economic growth for the period 2000-2017, the six countries with the “most developed” economies (USA, UK, France, Japan, Canada, Russia), Gross Domestic Product (GDP), Government Health Expenditures (KSH), Transfer Health Expenditures (TSH) and Gross Domestic Price Index (PI) the long-term relationship between variables has been investigated. For this purpose, Pedroni, Kao and Johansen Fisher cointegration tests, Pedroni FMOLS, Pedroni DOLS, Panel VECM and Panel Causality methods were used. Cointegration tests show that variables have long-term cointegration relationship. According to the panel FMOLS and DOLS test results, the results of KSH, TSH and FI coefficient were significant throughout the panel. According to the results of the short-term causality analysis using the VECM method, bidirectional causality has been detected among variables in both the short term and the long term.