%0 Journal Article
%T Granger causality between Health and Economic Growth in oil exporting countries
%A Mohsen Mehrara
%A Maysam Musai
%J Interdisciplinary Journal of Research in Business
%D 2011
%I Center for Research Promotion
%X This paper examine the causal relationship between the health expenditure and the GDP in a panel of 11 selected oil exporting countries by using panel unit root tests and panel cointegration analysis. A three variable model is formulated with oil revenues as the third variable. The results show a strong causality from oil revenues and economic growth to health expenditure in the oil exporting countries. Yet, health spending doesnot have any significant effects on GDP in short- and long-run. The findings imply high vulnerability of oildependent countries to oil revenues volatility. To insulate the economy from oil revenue volatility requires institutional mechanisms de-linking health expenditures decisions from current revenue.
%K Money Supply
%K Real GDP
%K Inflation
%K Granger Causality
%K Panel Cointegration
%U http://www.idjrb.com/articlepdf/idjrb8n11.pdf