The Effect of Government's Health Expenditure on Economic Growth: Case Study of Turkey.

Health, education, and training are the main components of human capital in any country. Hence, nowadays a country's economic growth is explained in terms of its human capital. Accordingly, lots of economic research is done in this field to test the relationship between its components and the gross domestic product as a measurement of economic growth. This paper sheds the light on the relationship between public expenditure on health sector and the gross domestic product in Turkey from 1978 to 2014. This paper tests the relationship in the short run using Vector Auto Regression (VAR) Model. The results in the short run ascertain that there is a small effect of government's health expenditure on GDP in the case of Turkey. [ABSTRACT FROM AUTHOR]