Economic Growth and Health Expenditure Analysis for Turkey: Evidence from Time Series

Esen, Ethem; Keçili, Merve Çelik

doi:10.1007/s13132-021-00789-8

Cited by 41 publications

(23 citation statements)

References 28 publications

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“…Based on the estimated results presented in Table 4, the short run coefficient of government expenditure shows that an increase in government expenditure by 1% would lead to a setback in economic growth by 1.48%. This effect is statically significant at 1%, and this is in line with the findings of Esen et al, (2022), Egbetunde and Fasanya (2013) and Onifase (2020). Meanwhile, in the long run government expenditure is positive showing that increased government spending would increase long run growth rate of the economy.…”

Section: Estimated Ardl Long Run and Short Run Resultssupporting

confidence: 86%

“…There exist many instruments at the disposal of policy makers to control economic activities within an economy. These policy instruments include taxation, correcting market failures and expenditure on the provision of a wide range of public goods such as state security, roads and street lighting (Esen & et al, 2022;Egbetunde & Fasanya 2013;Shkodra & et al, 2022& Alshammary & et al, 2022. Amongst these policies, this study focuses on government expenditures which are crucial instrument at the disposal of policy makers in developing and emerging economies with Cameroon not being an exemption.…”

Section: Introductionmentioning

confidence: 99%

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Government Spending and Economic Growth: Keynes or Wagner for Cameroon? ARDL/T-Y-VAR Approach

Mama

Nyugha

Wayih

et al. 2022

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This study had as primordial objective, to empirically investigate the nature of the link between government expenditure and economic growth in Cameroon from 1977-2018. To realise this objective, data were collected from the World Bank World Development Indicators and the ARDL technique was employed to examine the short and long run effects of government expenditure on economic growth in Cameroon. Then the VAR model, following the Toda-Yamamoto (1995) specification which is an ameliorated version of the traditional VAR model developed by Sims (1980) and Granger (1969) were employed to examine the nature of the link between the variables. The outcome from the ARDL model indicates that there is short run significant negative effect of government expenditure on economic growth while in the long run, there is a positive and insignificant effect. The result from the VAR model shows that there is a unidirectional causal relationship from growth to government expenditure. This result supports the Wagner’s law of expanding state activities for Cameroon. The findings suggest that instead of involving in increased spending as a means to guarantee sustainable growth, government should focus on policies that would create the enabling environment for growth to thrive like control of corruption and reforms in the financial sector to attract more private investment and the strengthening of state institutions.

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Section: Estimated Ardl Long Run and Short Run Resultssupporting

confidence: 86%

Section: Introductionmentioning

confidence: 99%

Government Spending and Economic Growth: Keynes or Wagner for Cameroon? ARDL/T-Y-VAR Approach

Mama

Nyugha

Wayih

et al. 2022

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“…It is clear from the results that 1 percent increase in health expenditure will lead to a 0.87 % increase in economic growth. Similar findings have been found from the research work of (Esen & Çelik Keçili, 2021). Infant mortality and economic growth show a negative relationship with each other.…”

Section: 3supporting

confidence: 89%

Does Human Capital Contribute to Achieving Economic Growth Path in Pakistan? An Empirical Investigation

2022

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This paper tries to investigate the contribution of human capital to economic growth in Pakistan. For this purpose, the education enrollment index has been constructed, as a proxy for human capital. The study has collected secondary time series data and utilized the ARDL technique for the empirical results, during the year 1974-2020. The findings of the study concluded that the education enrollment index and infant mortality rates show a positive relationship with economic growth. The rate of inflation shows a negative relationship with the GDP growth rate. The results of the study suggested that the provision of education facilities is crucial especially at the higher and secondary levels to pursue the path of economic growth in Pakistan.

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“…Similarly, Barro (1996) refers to health expenditures as an engine of the economy as a capital-generating factor. The health-led growth hypothesis is tested in many studies as in Esen and Keçili (2021), Akinwale (2021) and Atilgan et al. (2017).…”

Section: Introductionmentioning

confidence: 99%

Health expenditures (total, public and private) and per capita income in the BRICS+T: panel bootstrap causality analysis

Canbay

Kırca

2022

JEFAS

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Purpose The study aims to determine whether there is a bidirectional causality relationship between health expenditures and per capita income in Brazil, Russia, India, China, South Africa and Turkey (BRICS+T). Design/methodology/approach For that purpose, the 2000–2018 period data of the variables were tested with the Kónya (2006) panel causality test. Additionally, the causality relationships between public and private health expenditures and per capita income were also investigated in the study. Findings According to the analysis results, there is no statistically significant causality relationship from total health expenditures and public health expenditures to per capita income in the relevant countries. Besides, there is a unidirectional causality relationship from private health expenditures to per capita income only in Turkey. On the other hand, a unidirectional causality relationship from per capita income to total health expenditures in China, Russia, Turkey and South Africa and from per capita income to public health expenditures in India, Russia, Turkey and South Africa were determined. Consequently, a causality relationship from per capita income to private health expenditures was found out in Russia and Turkey. Originality/value The variables are tested for the first time for BRICS+T countries, vis-à-vis the period under consideration and the method used.

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Economic Growth and Health Expenditure Analysis for Turkey: Evidence from Time Series

Cited by 41 publications

References 28 publications

Government Spending and Economic Growth: Keynes or Wagner for Cameroon? ARDL/T-Y-VAR Approach

Government Spending and Economic Growth: Keynes or Wagner for Cameroon? ARDL/T-Y-VAR Approach

Does Human Capital Contribute to Achieving Economic Growth Path in Pakistan? An Empirical Investigation

Health expenditures (total, public and private) and per capita income in the BRICS+T: panel bootstrap causality analysis

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