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Asymmetric Causality Analysis of Relationship between Health an d Development
Authors: İbrahim ARSLAN,Mehmet Vahit EREN,Selahattin KAYNAK
Number of views: 541
The main goal of this study is to analysis to relationship between health that play an important role in welfa re level of countries and development. One of the most imperative components of human capital, healthcare is theoretically known to have a correlation with development, and yet, it appears to be necessary to carry out the econometric analysis of this relationship. Given that, this work tries to show the effects of improvements in the Turkish healthcare industry on economic devel opment by using the annual data of 1975- 2012. In this context, two mode ls have been constructed with two development indicators, the growth rate of per capita income and infant mortality rate. Per capita healthcare costs, per capita hospital beds, the number of healthcare institutions and the share of total healthcare costs in national income have been appointed as independent variables. The analysis has been conducted with the aid of classical unit root tests Augmented Dickey- Fuller and Phillips-Perron, as well as Hatemi-J (2012) asymmetric causality test. The result of analysis indicates that the relations hip between health indicators and development is positive.