THE NEXUS BETWEEN HEALTH EXPENDITURES AND ECONOMIC GROWTH IN AUSTRALIA: EVIDENCE FROM TODA-YAMAMOTO APPROACH

Authors

  • Seher Suluk

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.

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Published

17.05.2022

How to Cite

Suluk, S. (2022). THE NEXUS BETWEEN HEALTH EXPENDITURES AND ECONOMIC GROWTH IN AUSTRALIA: EVIDENCE FROM TODA-YAMAMOTO APPROACH. Ecoforum Journal, 11(2). Retrieved from https://ecoforumjournal.ro/index.php/eco/article/view/1801

Issue

Vol. 11 No. 2 (2022)

Section

Articles

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