Sağlık harcamaları ekonomik büyüme CO2 emisyonu OECD ülkeleri VECM Granger nedensellik analizi
The
present study investigates the correlation between health expenditure, economic
growth, and CO2 emissions in 26 OECD countries during the period of
1992-2014. First of all, cross-sectional dependence of the variables and the
panel was assessed with a view to identify the panel methods usable for this
purpose. Given the prevalence of cross-sectional dependence regarding the
variables and the panel, the panel unit root and cointegration test was chosen
from among second generation tests. The variables were found to be stationary
at order I(1). Moreover, the model was found to exhibit a cointegration
relationship. In the light of estimations of the cointegration factors, the
elasticity coefficients of economic growth and CO2 emissions were
predicted to be 0.188 and 0.012 respectively. According to the results of VECM
Granger causality analysis, economic growth as well as CO2 emissions
are causative with respect to health expenditure, whereas economic growth, once
again, is causative with respect to CO2 emissions. A long-term
causality analysis, in turn, revealed a direct correlation whereby economic
growth and CO2 emissions lead to increased health expenditure.
Health expenditure economic growth CO2 emission OECD countries VECM Granger causality analysis
Birincil Dil | İngilizce |
---|---|
Bölüm | Makaleler |
Yazarlar | |
Yayımlanma Tarihi | 26 Mart 2019 |
Yayımlandığı Sayı | Yıl 2019 |