Time-varying Granger Causality Between Health Care and Economic Activity in the United States
DOI:
https://doi.org/10.18690/lexonomica.17.2.121-142.2025Keywords:
economic activity, health, health policy, time-varying Granger causality, United StatesAbstract
The COVID-19 epidemic has led to the need to analyse the relationship between health care and the economy. This paper analyses the time-varying relationship between health care and economic activity in the United States, filling a gap in the literature. Using time-varying Granger causality, the study provides empirical evidence of a time-varying causal relationship between health care spending and industrial production, which has important policy implications.
Povzetek
Epidemija covida-19 je spodbudila potrebo po analizi razmerja med zdravstveno oskrbo in gospodarstvom. Ta članek analizira časovno spremenljivo razmerje med zdravstveno oskrbo in gospodarsko aktivnostjo v Združenih državah Amerike ter zapolnjuje vrzel v obstoječi literaturi. Z uporabo časovno spremenljive Grangerjeve vzročnosti raziskava ponuja empirične dokaze o časovno spremenljivem vzročnem razmerju med izdatki za zdravstvo in industrijsko proizvodnjo, kar ima pomembne posledice za oblikovanje politik.
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