Dynamics of Health Expenditures in OECD Countries: Panel ARDL Approach

Tülüce N. S., Doğan I., Doğan A.

THEORETICAL ECONOMICS LETTERS, vol.4, no.8, pp.649-655, 2014 (Peer-Reviewed Journal)

Abstract

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.