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KMID : 1124020140300010143
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Korean Social Security Studies
2014 Volume.30 No. 1 p.143 ~ p.165
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Do Total Health Expenditure and Government Health Expenditure really have an effect on Economic Growth?
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Byeon Jin-Ok
Lee Hyun-Boc
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Abstract
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The purpose of this study is to identify whether and the extent to which total health expenditure and (or) government health expenditure has granger causality in OECD countries after economic crisis. This study analyze the data including GDP, total health expenditure, government health expenditure, health expenditure per capita, government health expenditure per capita from 2000 to 2012 of each OECD countries and investigates the Granger-causality relationship between GDP and the other variables. The results show the positive(+) bidirectional Granger-causality not only between GDP and total health expenditure but also GDP and the variables relating governmental health expenditure. A VAR test verifies that governmental health expenditure compared to the total health expenditure has been long-term impact on the GDP. Therefore total health spending as well as the share of government affects directly or indirectly to national economic growth with the possibility of both to enforce the labor productivity and to help accumulating human capital.
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KEYWORD
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Granger Causality, GDP, Government Health Expenditure, Total Health Expenditure, Granger Causality
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