Public and Private Health Expenditure and their Impacts on the Long-Term Economic Growth of Selected Countries: Bayesian Model Averaging Approach | ||
| پژوهشهای رشد و توسعه اقتصادی | ||
| Article 6, Volume 3, Issue 10, June 2013, Pages 106-93 PDF (184.35 K) | ||
| Authors | ||
| Fathollah Tari* 1; Mohammad Shirijian2; Mohsen Mehrara3; Hossein Amiri4 | ||
| 1Associate Professor of Economics, Allameh Tabataba'i University. | ||
| 2M.A. in Economics, Tehran University. | ||
| 3Associate Professor of Economics, Tehran University. | ||
| 4Ph.D. Student in Economics, Allameh Tabataba'i University | ||
| Abstract | ||
| Identifying the factors that contribute to sustained economic growth of countries is the main concerns of economic researchers. The present paper employs a Bayesian econometrics approach based on Bayesian Model Averaging (BMA) method to investigate the effect of public and private health expenditure on economic growth in developing economies. The empirical findings show that public health expenditure positively and private health expenditure negatively affect on the long-term economic growth of developing countries. Also, hospital beds do have a positive important role in explaining long-term economic growth. | ||
| Keywords | ||
| Economic Growth; Public Health Expenditure; Private Health Expenditure; Bayesian Model Averaging (BMA) | ||
| References | ||
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