Dynamics of Health Expenditures in OECD Countries: Panel ARDL Approach
THEORETICAL ECONOMICS LETTERS, cilt.4, sa.8, ss.649-655, 2014 (Hakemli Dergi)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 4 Sayı: 8
- Basım Tarihi: 2014
- Doi Numarası: 10.4236/tel.2014.48082
- Dergi Adı: THEORETICAL ECONOMICS LETTERS
- Derginin Tarandığı İndeksler: EconLit
- Sayfa Sayıları: ss.649-655
- Kayseri Üniversitesi Adresli: Hayır
Özet
This study used a panel data set, which is including 15 OECD countries that had 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.