Health Care Expenditure and GDP in Oil Exporting Countries: Evidence From OPEC Data, 1995-2012
Author(s) -
Ali Akbar Fazaeli,
Hossein Ghaderi,
Masoud Salehi,
Reza Fazaeli
Publication year - 2015
Publication title -
global journal of health science
Language(s) - English
Resource type - Journals
eISSN - 1916-9744
pISSN - 1916-9736
DOI - 10.5539/gjhs.v8n2p93
Subject(s) - cointegration , economics , unit root , panel data , health care , granger causality , developing country , causality (physics) , demographic economics , economic growth , econometrics , physics , quantum mechanics
There is a large body of literature examining income in relation to health expenditures. The share of expenditures in health sector from GDP in developed countries is often larger than in non-developed countries, suggesting that as the level of economic growth increases, health spending increase, too.
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