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Public health expenditures, taxation, and growth
1Economics and Financial Studies, School of Business, Clarkson University, Potsdam, New York.
Abstract:
This note studies the empirical link between public health expenditures and growth using a dynamic panel data model and U.S. state-level data over the period 1963-2015. We find a positive relationship between public health expenditures and growth, even after controlling for the offsetting impacts of the requisite taxation and the government budget constraint.
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