Health Spending and Economic Growth
Health is One of the items that can have a significant impact on economic growth, by increasing the power of national human resources. It can be said health promotion brings people are healthier and more productive. Due to this, This paper is trying to examine effect of health spending on economic growth in 24 selected countries of OECD in the period 2006-2013 using GMM methods. The results show that health spending has a significant and positive effect on economic growth, so that an increase of 1 percent of its value, economic growth 0/04 percent increased. Also, physical capital and the working population have a significant positive effect on economic growth. However, inflation has a negative effect on economic growth, as inflation increased the rate of economic growth decreased.