Abstract:

With the developments in the theory of human capital, the studies investigating the effects of health on economic growth by adopting the human capital components has come to prominence. In economics literature, a large number of applied studies have been conducted that demonstrates the positive effects of health on economic growth and the findings of these studies has encouraged countries to devote more resources to the field of health. In this study, it is aimed at determining the effect of health on economic growth between the years of 1967-2010. According to the findings of the study; there is a one way causal relationship from the number of patients per health care providers, the number of beds of health care institutions to real GDP. Similarly, there is a one way relationship from the number of hospitals to real GDP in 10% significance level. A causal relationship between life expectancy and the real GDP could not be found. In econometric analysis, it has been found that overall proxy health variables Granger causes economic growth. However, this causality is one way causality from proxy variables to real GDP

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