Sağlık Harcaması ve Ekonomik Büyüme İlişkisi: OECD Ülkeleri İçin Panel Veri Analizi.

The relationship of human capital with economic growth is a research topic that has been frequently studied in recent years. Human capital contains a basic need indicator such as health. The high level of health of individuals who make up a society increases the economic development potential of that society. Health expenditures to raise healthy individuals and maintain their health levels are among the factors that increase the quality of human capital. The positive contributions of health expenditures to human capital constitute a serious resource for economic growth. This study examines the relationship between healthcare spending and economic growth for selected 17 OECD countries. In the empirical analysis conducted, per capita health expenditures and GDP per capita data were used for the mentioned countries in the period covering 1976-2017. Data for the health expenditure series has been compiled from the OECD official database. Economic growth data were obtained from the World Bank official database. The hidden cointegration relationship between the series was tested with the test proposed by Hatemi-J (2018). While the series did not have a long term relationship among themselves, a long term relationship was found between positive and negative shocks. In addition, the asymmetric causality relationship of the series was tested and a bidirectional causality relationship was detected between the negative shocks of the series. [ABSTRACT FROM AUTHOR]