Health expenditures and economic development: An evaluation for OECD countries

The concepts of economic development and health are two important concepts that affect each other. The concept of health is of great importance for the development of individuals and the nation. Having a healthy society is of great importance in terms of economic development. The economic indicators of the countries that attach importance to the concept of health are also positively affected. The increase in spending on health and the prominence of human capital in economic development have shown the importance of the health sector in the economy. In this research, comparison and evaluation were made in order to determine the relationship between health expenditures and economic development of OECD countries. As a result of the study, it has been concluded that health expenditures have positive effects on economic growth and development.