SAĞLIK HARCAMALARI-İKTİSADİ BÜYÜME İLİŞKİSİ: SEÇİLMİŞ OECD ÜLKELERİ İÇİN PANEL BOOTSTRAP GRANGER NEDENSELLİK ANALİZİ.

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]