Dynamics of Health Expenditures in OECD Countries: Panel ARDL Approach

DOI: 10.4236/tel.2014.48082   PDF   HTML   XML   3,599 Downloads   4,755 Views   Citations

Abstract

This study used a panel data set, which is including 15 OECD countries that have 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.

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Doğan, İ. , Tülüce, N. and Doğan, A. (2014) Dynamics of Health Expenditures in OECD Countries: Panel ARDL Approach. Theoretical Economics Letters, 4, 649-655. doi: 10.4236/tel.2014.48082.

Conflicts of Interest

The authors declare no conflicts of interest.

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