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The aim of the study is to investigate the effect of health expenditure and population over 65 years on economic growth in Turkey by using ARDL approach and estimation methods of FMOLS, DOLS and CCR over the periods of 1979-2015. In the study, endogenous growth model is used in order to relate human capital accumulation and health expenditure. Empirical results show that there are positive and statistically significant relations between per capita health expenditure and economic growth. However, emprical findings related to the effect of population over 65 years on per capita income do not seem to support similar results. [ABSTRACT FROM AUTHOR]

The aim of the study is to investigate the effect of health expenditure and population over 65 years on economic growth in Turkey by using ARDL approach and estimation methods of FMOLS, DOLS and CCR over the periods of 1979-2015. In the study, endogenous growth model is used in order to relate human capital accumulation and health expenditure. Empirical results show that there are positive and statistically significant relations between per capita health expenditure and economic growth. However, emprical findings related to the effect of population over 65 years on per capita income do not seem to support similar results. [ABSTRACT FROM AUTHOR]