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Nonlinear Granger Causality between Health Care Expenditure and Economic Growth in the OECD and Major Developing Countries
| Content Provider | Semantic Scholar |
|---|---|
| Author | Ye, Liping Zhang, Xinping |
| Copyright Year | 2018 |
| Abstract | Differing from previous studies ignoring the nonlinear features, this study employs both the linear and nonlinear Granger causality tests to examine the complex causal relationship between health care expenditure and economic growth among 15 Organisation for Economic Co-operation and Development (OECD) and 5 major developing countries. Some interesting findings can be obtained as follows: (1) For Australia, Austria, and UK, linear and nonlinear Granger causality does not exist between them. A unidirectional linear or nonlinear causality running from economic growth to health care expenditure can be found for Ireland, Korea, Portugal, and India. For these seven countries, health or fiscal policy related to health spending will not have an impact on economic growth; (2) For Belgium, Norway, and Mexico, only a unidirectional linear causality runs from health care expenditure to economic growth, while bidirectional linear causality can be found for Canada, Finland, Iceland, New Zealand, Spain, Brazil, and South Africa. Especially for the US, China, and Japan, a unidirectional nonlinear causality exists from health spending to economic growth. To improve the quality of national health, life quality and happiness, these 13 countries should actively look to optimise policy related to health care expenditure, such as by enhancing the efficiency of health costs to promote sustainable economic development. |
| Starting Page | 306 |
| Ending Page | 322 |
| Page Count | 17 |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://res.mdpi.com/ijerph/ijerph-15-01953/article_deploy/ijerph-15-01953.pdf?attachment=1&filename= |
| PubMed reference number | 30205463 |
| Alternate Webpage(s) | https://doi.org/10.3390/ijerph15091953 |
| DOI | 10.3390/ijerph15091953 |
| Journal | International journal of environmental research and public health |
| Volume Number | 15 |
| Language | English |
| Access Restriction | Open |
| Subject Keyword | Economic Development Economic Growth Fiscal Policy Health Care Costs Organisation for Economic Co-Operation and Development Perceived quality of life |
| Content Type | Text |
| Resource Type | Article |
