Author

  • Mohsen Mehrara

    • Faculty of Economics, University of Tehran, Tehran, Iran
    • Iran, Islamic Republic of

  • Maysam Musai

    • Faculty of Economics, University of Tehran, Tehran, Iran
    • Iran, Islamic Republic of

Abstract

This paper examines the relationship between health expenditure and economic growth in Iran for the period 1970-2007, based on the autoregressive distributed lag (ARDL) approach. The study finds a cointegrating relationship among real GDP, health expenditure, capital stock, oil revenues and education, although among them, health spending explains just a small part of the economic growth. The results indicate that while health care expenditures are among the most important factors in the lowering of infant mortality, they do not make a significant marginal contribution to the economic growth in Iran. This findings call for pressing reforms and improved allocation of resources in health sector.

Keywords

References

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How to Cite

Mehrara, M., & Musai, M. (2011). Health Expenditure and Economic growth: An ARDL Approach for the Case of Iran. Journal of Economics and Behavioral Studies, 3(4), 249-256. https://doi.org/10.22610/jebs.v3i4.277

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Section

Research Paper

Published in

Vol. 3 No. 4 (2011) Property Rights, Fiscal Union & Development View issue contents

Published

2011-10-15

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