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Effect of Health Expenditure on GDP, a Panel Study Based on Pakistan, China, India and Bangladesh

Received: 17 December 2016     Accepted: 18 January 2017     Published: 23 February 2017
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Abstract

Health expenditures are the primary concern for any government. The objective of this study is to investigate the relationship between health expenditures and economic development. The study is done by taking a sample size of 20 years from 1995 – 2014. This study is based on four countries Pakistan, China, India and Bangladesh. STATA 11 is used for panel regression run. The Husman test confirms that random effects model is appropriate which shows insignificant results in this part of world. This article focuses the importance of health expenditure because it is main indicator of an economy growth and development.

Published in International Journal of Health Economics and Policy (Volume 2, Issue 2)
DOI 10.11648/j.hep.20170202.13
Page(s) 57-62
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2017. Published by Science Publishing Group

Keywords

Health Expenditures, Economic Development, Stata 11, Hausman Test, Random Effects Model

References
[1] CMS. (2016, December 24). ProjectionsMethodology. pdf. Retrieved from https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/Downloads/ProjectionsMethodology.pdf.
[2] Gerdtham, U. G. (2000). International comparisons of health expenditure: theory, data and econometric analysis. Handbook of health economics,, 1, 11-53.
[3] Gerdtham, U. G. (2000). On stationarity and cointegration of international health expenditure and GDP. Journal of Health Economics,, 19 (4), 461-475.
[4] Hitiris, T. &. (1992). The determinants and effects of health expenditure in developed countries. Journal of health economics,, 11 (2), 173-181.
[5] Knoema. (2016, December 24). World Data Atlas. Retrieved from https://knoema.com/atlas/China/GDP-growth?compareTo=BD, IN, CN, PK.
[6] Lago-Peñas, S. C.-P.-F. (2013). On the relationship between GDP and health care expenditure: a new look. Economic Modelling,, 32, 124-129.
[7] Lv, Z. &. (2014). Health care expenditure and GDP in african countries: evidence from semiparametric estimation with panel data.. The Scientific World Journal.
[8] McCoskey, S. K. (1998). Health care expenditures and GDP: panel data unit root test results. Journal of health economics,, 17 (3), 369-376.
[9] Sayrs, L. W. (1989). Pooled time series analysis. Sage., (No. 70).
[10] Sisko, A. M. (2014). "National health expenditure projections, 2013–23: faster growth expected with expanded coverage and improving economy.". Health Affairs, 10-1377.
[11] The world bank. (2016, December 24). Retrieved from http://data.worldbank.org/indicator/NY.GDP.MKTP.CD?view=chart.
[12] Torres-Reyna, O. (2007). Panel data analysis fixed and random effects using Stata Data & Statistical Services,. Priceton University., (v. 4.2).
Cite This Article
  • APA Style

    Muhammad Aamir Ali, Muhammad Ismat Ullah, Muhammad Afzal Asghar. (2017). Effect of Health Expenditure on GDP, a Panel Study Based on Pakistan, China, India and Bangladesh. International Journal of Health Economics and Policy, 2(2), 57-62. https://doi.org/10.11648/j.hep.20170202.13

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    ACS Style

    Muhammad Aamir Ali; Muhammad Ismat Ullah; Muhammad Afzal Asghar. Effect of Health Expenditure on GDP, a Panel Study Based on Pakistan, China, India and Bangladesh. Int. J. Health Econ. Policy 2017, 2(2), 57-62. doi: 10.11648/j.hep.20170202.13

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    AMA Style

    Muhammad Aamir Ali, Muhammad Ismat Ullah, Muhammad Afzal Asghar. Effect of Health Expenditure on GDP, a Panel Study Based on Pakistan, China, India and Bangladesh. Int J Health Econ Policy. 2017;2(2):57-62. doi: 10.11648/j.hep.20170202.13

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  • @article{10.11648/j.hep.20170202.13,
      author = {Muhammad Aamir Ali and Muhammad Ismat Ullah and Muhammad Afzal Asghar},
      title = {Effect of Health Expenditure on GDP, a Panel Study Based on Pakistan, China, India and Bangladesh},
      journal = {International Journal of Health Economics and Policy},
      volume = {2},
      number = {2},
      pages = {57-62},
      doi = {10.11648/j.hep.20170202.13},
      url = {https://doi.org/10.11648/j.hep.20170202.13},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.hep.20170202.13},
      abstract = {Health expenditures are the primary concern for any government. The objective of this study is to investigate the relationship between health expenditures and economic development. The study is done by taking a sample size of 20 years from 1995 – 2014. This study is based on four countries Pakistan, China, India and Bangladesh. STATA 11 is used for panel regression run. The Husman test confirms that random effects model is appropriate which shows insignificant results in this part of world. This article focuses the importance of health expenditure because it is main indicator of an economy growth and development.},
     year = {2017}
    }
    

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    AU  - Muhammad Aamir Ali
    AU  - Muhammad Ismat Ullah
    AU  - Muhammad Afzal Asghar
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    JF  - International Journal of Health Economics and Policy
    JO  - International Journal of Health Economics and Policy
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    UR  - https://doi.org/10.11648/j.hep.20170202.13
    AB  - Health expenditures are the primary concern for any government. The objective of this study is to investigate the relationship between health expenditures and economic development. The study is done by taking a sample size of 20 years from 1995 – 2014. This study is based on four countries Pakistan, China, India and Bangladesh. STATA 11 is used for panel regression run. The Husman test confirms that random effects model is appropriate which shows insignificant results in this part of world. This article focuses the importance of health expenditure because it is main indicator of an economy growth and development.
    VL  - 2
    IS  - 2
    ER  - 

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Author Information
  • University of Central Punjab, School of Accounting and Finance, Lahore, Pakistan

  • Universty of Central Punjab, Lahore, Pakistan

  • Universty of Central Punjab, Lahore, Pakistan

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