Relationship Between Health Expenditures and Development In The OECD Countries: Panel Data Analysis

Abstract

Health expenditures have an important place in the development process of countries. As it is a human investment type, health expenditures are important in terms of development. Therefore, the relationship between health expenditures and development needs to be demonstrated. In this study, the effect of health expenditures on development was investigated in 34 OECD countries between 2000 and 2015 by using panel data analysis. According to the results of the study, it is concluded that there is a long-term relationship between health expenditures and development that health expenditures have a positive effect on development. On the other hand, there was a two-way causality relationship between health expenditures and development.

Keywords

• health
• expenditure
• development
• oecd