TITLE:
Dynamics of Health Expenditures in OECD Countries: Panel ARDL Approach
AUTHORS:
İbrahim Doğan, Nadide Sevil Tülüce, Aydan Doğan
KEYWORDS:
Health Expenditure, Panel ARDL, Economic Growth
JOURNAL NAME:
Theoretical Economics Letters,
Vol.4 No.8,
October
14,
2014
ABSTRACT: This study used a
panel data set, which is including 15 OECD countries that have high income per
capita for the time period of 1995-2011. Following causality and autoregressive
distributed lag (ARDL), paper yields: 1) respectively the largest and the
smallest impacts on health expenditures are caused by public spending and the
influences of Age Dependency Ratio Young (ADRY); 2) income and Age Dependency
Ratio Old (ADRO) on health expenditures are positive; 3) another striking
inference is that while young working population rate is increasing, health
expenditure is decreasing.