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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]

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]