The effect of health on economic growth: A production function approach for Turkey

Until the Augmented Neo-Classical Growth Model developed by Mankiw, Romer and Weil, growth theories have ignored human capital factor. This study aims to investigate impact of health on economic in Turkey between 1960-2014 through a production function that includes capital. Health education are included as two main components The Multivariate Auto-Regressive Distributed Lag (ARDL) Bounds Test was conducted for empirical analysis. As result, significant long-term cointegration relationship found variables. results also indicate 1% increase life expectancy at birth leads 0.67% GDP, number students per teacher vocational technical secondary 0.21% decrease tertiary GDP.