Identifying the Relationship Between Health Investment and Economic Development

Abstract

The purpose of this study is to reveal the relationship between the economic development of countries and the importance they attach to health. In this context, macroeconomic data on the economic development levels and health of 127 countries were included in the study. In the application part of the study, clustering and cross-table analysis were used. As a result of the k-means clustering analysis, a 76.4% similarity was found between the three countries groups and the economic development levels. Therefore, it is possible to talk about significant relationships between health expenditures/investments and economic development. In addition, it is seen that 90% of the country group that attaches importance to health expenditures consists of developed countries.