Stochastic Convergence Analysis in Per Capita Health Expenditures for OECD Countries: Wavelet Unit Root Test Approach

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dc.contributor.authorKoncak, Ahmet
dc.contributor.authorKonat, Gökhan
dc.contributor.authorTatar, Havanur Ergün
dc.date.accessioned2024-09-25T20:18:19Z
dc.date.available2024-09-25T20:18:19Z
dc.date.issued2024
dc.departmentAbant İzzet Baysal Üniversitesien_US
dc.description.abstractHealth is considered one of the essential factors in the growth and development of countries and the formation of human capital. Advances in the health sector have a positive effect on economic growth. With the development of technology and progress, it is evident that there have been severe increases in health expenditures in both developing and developed countries in recent years. Since investments in health expenditures contribute to the physical structure of the population, this situation brings with it an increase in productivity. For this reason, health expenditure convergence has recently become the focus of researchers in the economics literature. This study examined whether the per capita health expenditure of 21 OECD members converged to the OECD average. Stochastic convergence has been tested for the period 1975-2019 with the wavelet unit root test developed by Fan & Gencay (2010) as well as conventional unit root tests (ADF, PP and KPSS). When the wavelet unit root test results, which include both time and frequency domain information with better power characteristics than conventional tests, are examined, it is concluded that nine countries converge to the OECD average. Since health expenditures, which is one of the economic development indicators, are an essential factor for sustainable economic growth, it is an inevitable fact that if the convergence hypothesis of health expenditures is valid, it will positively affect economic growth.en_US
dc.identifier.endpage15en_US
dc.identifier.issn1306-2174
dc.identifier.issn1306-3553
dc.identifier.issue1en_US
dc.identifier.startpage1en_US
dc.identifier.trdizinid1243989en_US
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1243989
dc.identifier.urihttps://hdl.handle.net/20.500.12491/15573
dc.identifier.volume20en_US
dc.indekslendigikaynakTR-Dizinen_US
dc.language.isoenen_US
dc.relation.ispartofEkonomik ve Sosyal Araştırmalar Dergisien_US
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.snmzYK_20240925en_US
dc.subjectUnit Root Testen_US
dc.subjectTime Seriesen_US
dc.subjectWaveleten_US
dc.subjectHealth Expendituresen_US
dc.subjectConvergenceen_US
dc.titleStochastic Convergence Analysis in Per Capita Health Expenditures for OECD Countries: Wavelet Unit Root Test Approachen_US
dc.typeArticleen_US

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