بررسي اثر مخارج بهداشتي بر رشد اقتصادي (مطالعه موردي كشورهاي منتخب در حال توسعه )

An Analysis of the Effect of Health Expenditures on Economic Growth in Selected Developing Countries

In this article, we introduce a new concept of Health Capital, and use the augmented Solow model with data from 33 developing countries to analyze the effect of health expenditures on Economic growth. The results show that in addition to physical and human capital, health capital have positive and significant effect on Economic growth, via health expenditures. Also, the Hausman test for simultaneity shows that the health expenditures variable can be affected by Economic growth.