Développement de l'assurance, dépenses de santé et croissance économique dans les pays de l'OCDE: Nouvelle approche de causalité en panel

Younsi, Moheddine and Bechtini, Marwa (2020): Développement de l'assurance, dépenses de santé et croissance économique dans les pays de l'OCDE: Nouvelle approche de causalité en panel.

Abstract

The aim of this article is to examine the effects of insurance development on health expenditure and economic growth for 31 Organization for Economic Cooperation and Development (OECD) countries covering the period 1995-2015, using a panel causality approach. We also tested the causal effect of national income and population density on health expenditure. The results confirm that, over the long term, insurance factors, national income and population density exhibit positive and statistically significant effects on health expenditure. The results also confirm that the insurance factor has greater income effects than the substitution effects on health expenditure. Regarding the short-term causality, the empirical results show that economic growth strengthens growth in health expenditure, while growth in insurance reduces growth in health expenditure. In the short term, the insurance factor produces crowded-out effects. The foregoing outcomes provide policy implications that governments should take into account the crowded short-term effects of private insurance sections on health expenditure when developing fiscal policies related to health expenditure.

• Item Type: MPRA Paper
• English Title: Insurance Development, Health Expenditure and Economic Growth in the OECD Countries: New insights from a Panel Causality Approach
• Language: French
• Keywords: Health expenditure, Insurance development, Economic growth, Causality test
• Subjects: C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C12 - Hypothesis Testing: General; C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C23 - Panel Data Models ; Spatio-temporal Models; G - Financial Economics > G1 - General Financial Markets > G15 - International Financial Markets; I - Health, Education, and Welfare > I1 - Health > I15 - Health and Economic Development

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