Илғор иқтисодиёт ва педагогик технологиялар Volume 2 Issue 3 (2025) · pp. 959-968
ECONOMETRIC ANALYSIS OF THE IMPACT OF PUBLIC HEALTHCARE EXPENDITURES ON SUSTAINABLE ECONOMIC GROWTH
Samandarov, Dostonbek, Самандаров, Достонбек, Самандаров, Достонбек
Abstract
This study assesses the relationship between healthcare expenditures and sustainable economic growth using econometric analysis. The analysis is conducted using data from 44 countries and applies econometric models (OLS, Fixed Effects, IV (2SLS), GMM). According to the results of the Fixed Effects model, healthcare expenditures have a positive effect on economic growth. However, the results obtained using the IV model are close to those obtained by the OLS method, while the GMM model, which accounts for endogeneity, shows that healthcare expenditures may slow down economic growth. At the same time, the Sargan-Hansen test results indicate that the instrumental variables used are not fully valid. It is concluded that countries may stimulate economic growth by optimizing the volume and efficiency of healthcare expenditures.
healthcare expendituressustainable economic growtheconometric modelрасходы на здравоохранениеустойчивый экономический ростэконометрическая модельсоғлиқни сақлаш харажатларибарқарор иқтисодий ўсишэконометрик модел
Metadata source: the journal's OAI-PMH archive · Sindex does not store the full text; it links to the source.