Özet:

One of the main macroeconomic objectives of a country is the achievement of the economic growth goal. The non-material elements, such as knowledge and ability, which were presented as an alternative to the physical capital factor, which was recognized as one of the only elements of growth until the 1960s, have also been the opportunity for the beginning of a new period in the history of growth. This new concept, which takes the center of man and is called human capital, has brought his attention through demographic factors such as education, health and population, which play a major role in the development of societies. The achievement of a sustainable economic growth from the country’s point of view also depends on the individual that forms that society, both physically and mentally, being healthy. In this regard, the concept of health, on the one hand, contributes to the formation of human capital by increasing the efficiency of labour, while on the other hand, it supports economic growth. In this study, the relationship between health expenditure and economic growth for the 8 countries, including Turkey (which is and in literature is called D8), and the annual data between 2000-2019 and the D8 countries, with the panel data analysis and Stata 15 program, was investigated. The findings from the study have found a dual causal relationship between economic growth and health expenditure.

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