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This study aimed to contribute to the literature by revealing whether the New Coronavirus (SARS-CoV-2, COVID-19) had a moderating effect on the effect of health and education expenditures on gross domestic product (GDP). In this context, in the analysis section of the study, a panel data set from 37 Organization for Economic Co-operation and Development (OECD) countries for the period 2015-2020 was used. Two models were established in the study. In Model I, the moderating effect of COVID-19 on the effect of health expenditures on GDP was examined. In Model II, the moderating effect of COVID-19 on the effect of education expenditures on GDP was examined. It was determined that health and education expenditures had a significant positive effect on GDP in both models (p<0.05). In addition, in both models, there was a decrease in GDP in 2020, the year when the COVID-19 was effective, compared to the 2015-2019 period, however, this decrease was not found to be statistically significant (p>0.05). Finally, no moderating effect of the COVID-19 was found on the effect of education and health expenditures on GDP (p>0.05). [ABSTRACT FROM AUTHOR]

Health is critical to a country's human capital and economic development. By working more hours, earning more discretionary money, and investing more in human development, a healthy individual contributes more to his own and the country's economies. Health expenditures are those that are spent on the protection and promotion of one's health. Obesity is bad for people's health, health-care costs, and the economy. The high expense of chronic illnesses such as diabetes, cancer, and heart disease put a pressure on health budgets as the number of people with a high BMI rises. Obese persons utilize health services more frequently, have more procedures, and fill more prescriptions than those of normal weight. Because of rising health issues such as obesity and metabolic illnesses, rising consumer expectations from life, and rising consumer knowledge of good nutrition, there has been a growth in the production and consumption of functional foods in recent years. As a result, customers have learned to anticipate that meals would provide them with more than just nutritional value. The purpose of this study was to look at the impact of fermented food intake and knowledge on health expenses as well as the economic impact of these expenditures. [ABSTRACT FROM AUTHOR]

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The aim of this study is to examine relationships between human capital accumulation and economic development in Turkey for the time period of 1991-2016 by implementing the time series analysis methods. According to the results; (a) all variables exhibit unit root process, (b) long-run relationships exist among variables, (c) according to the long-run parameter estimations, education expenditures positively affect economic development, while there is no statistically significant relationship between health expenditures and economic development, (d) unemployment has a negative and statistically significant effect on economic development, whereas inflation has a negative and statistically insignificant effect on economic development. In this regard, education-oriented human capital-led development policies can positively affect economic development in Turkey. Besides, policies towards reducing unemployment rates can increase the capability of individuals by creating new job opportunities, which in turn promotes economic development. [ABSTRACT FROM AUTHOR]

The capacity and level of health services of a country, together with education shape human capital and workforce quality. Health expenditures contribute to the enhencement of growth performance through access to health care. In this study, the causality relationship between health expenditures and economic growth is examined for 17 OECD countries in the period of 2000-2017. The data on the variables is analyzed using Konya (2006) causality test. With the results obtained for Denmark, Germany and Sweden, one-way causality relationship was determined from economic growth to health expenditures, wheras, for Belgium, Greece, Iceland, Italy, Luxembourg, Netherlands and Portugal, one-way causality relationship from health expenditures to growth was observed. For Austria, Switzerland, Ireland and Turkey, a bidirectional causality relationship detecteed between the variables. Across the panel, it was found that there is a two-way causality relationship between health expenditures and economic growth. Resources devoted to health expenditures support growth potential by improving growth performance, human quality of life and human capital. Thus, it provides the opportunity to allocate more resources for health, thanks to increasing national income. [ABSTRACT FROM AUTHOR]

With the development of new (endogenaus) growth theories, it is observed that the major role in these theories had been given to human capital. Although offical or non-offical education indicators are the main indicators which represent human capital, the indicators about the health level of a society also appear in growth models as an element which feeds human capital and contributes its development. The literature which discuss the relation between economic growth and human capital could not come to a consensus about the relation between the variables which represent human capital and economic growth indicators. There are studies, in the literature, which support one-way or mutual causality relations regarding the direction of the causality. Hence, it is necessary to conduct predictions by using larger data sets and new econometric models. This study predicts the relationship between human capital and economic growth by using Emirmahmutoglu and Kose (2011) approach, which is one of the new generation panel causality tests, for the four different country groups by income levels which is classified by the World Bank for the period of 1995-2014. We used personal healthcare expenditures, total healthcare expenditures, private healthcare expenditures and public healthcare expenditures as human capital indicators, and personal income as economic growth indicator. The results obtained, according to the country groups, point to two-way causality relation between variables. [ABSTRACT FROM AUTHOR]

Sağlık, bireyler için refahın kaynağı iken ekonomik büyümenin de önemli bir belirleyicisidir. Beşeri sermayenin oluşumunda önemli rol oynayan sağlık, bireyin verimliliğini arttırarak ekonomik büyümeye katkı sağlamaktadır. Bu çalışmada sağlık harcamaları ve ekonomik büyüme ilişkisi 2000-2013 yıllarını kapsayan dönemde 54 üst orta gelirli ülke için araştırılmıştır. Bu doğrultuda toplam sağlık harcamalarının yanında kamu ve özel sektör sağlık harcamalarının ekonomik büyüme üzerindeki etkisi panel veri analiz yöntemi kullanılarak test edilmiştir. Elde edilen bulgulara göre; gerek toplam sağlık harcamalarındaki gerekse kamu ve özel sektör sağlık harcamalarındaki artış, üst orta gelirli ülkelerde ekonomik büyümeyi olumlu yönde etkilemektedir.

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]

Copyright of Journal of Turkish Court of Accounts / Sayistay Dergisi is the property of Turkish Court of Accounts and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

With the developments in the theory of human capital, the studies investigating the effects of health on economic growth by adopting the human capital components has come in to prominence. In economics literature, a large number of applied studies have been conducted that demonstrates the positive effects of health on economic growth and the findings of these studies has encouraged countries to devote more resources to the field of health. In this study, it is aimed to determine the effect of health on economic growth between the years of 1967-2010. According the findings of the study; there is a one way causal relationship from the number of patients per health care providers, number of beds of health care institutions to real GDP. Similarly, there is a one way relationship from number of hospitals to real GDP in %10 significance level. A causal relationship between life expectancy and the real GDP couldn't be found. In econometric analysis, it has been found that overall proxy health variables Granger cause economic growth. However, this causality is one way causality from proxy variables to real GDP. [ABSTRACT FROM AUTHOR]