THE NEXUS BETWEEN HEALTH EXPENDITURES AND ECONOMIC GROWTH IN AUSTRALIA: EVIDENCE FROM TODA-YAMAMOTO APPROACH
THE NEXUS BETWEEN HEALTH EXPENDITURES AND ECONOMIC GROWTH IN AUSTRALIA: EVIDENCE FROM TODA-YAMAMOTO APPROACH
Author(s): Seher SulukSubject(s): Economic history, Health and medicine and law, Economic development, Post-War period (1950 - 1989), Transformation Period (1990 - 2010), Present Times (2010 - today)
Published by: Asociaţia de Cooperare Cultural-Educaţională Suceava
Keywords: Economic Growth; Health Expenditures; Australia; Toda-Yamamoto Causality Test;
Summary/Abstract: Health is one of the most important factors of human life. Increasing and improving the level of health is significant for people to continue their lives in a healthy way. Within this scope, health expenditures play an important role in increasing the life expectancy and quality of life of individuals. It can be said that a healthy and educated society is a prerequisite for economic growth, welfare and development of a country. The aim of this study is to examine the nexus between health expenditures and economic growth in Australia for the period of 1973-2018 by using Toda-Yamamoto causality test. The empirical results from the Toda-Yamamoto causality test show that there is a unidirectional Granger causality running from health expenditures to economic growth.
Journal: Ecoforum
- Issue Year: 11/2022
- Issue No: 2
- Page Range: 0-0
- Page Count: 11
- Language: English
