Vaccine spending and economic recovery: OECD panel data analysis
Northern Clinics of Istanbul, cilt.13, sa.1, ss.72-86, 2026 (ESCI, Scopus, TRDizin)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 13 Sayı: 1
- Basım Tarihi: 2026
- Doi Numarası: 10.14744/nci.2026.36418
- Dergi Adı: Northern Clinics of Istanbul
- Derginin Tarandığı İndeksler: Emerging Sources Citation Index (ESCI), Scopus, Central & Eastern European Academic Source (CEEAS), Directory of Open Access Journals, TR DİZİN (ULAKBİM)
- Sayfa Sayıları: ss.72-86
- Anahtar Kelimeler: Economic recovery, OECD countries, panel data analysis, public health investment, vaccine expenditure
- Marmara Üniversitesi Adresli: Evet
Özet
OBJECTIVE: This study investigates whether public spending on vaccination programmes contributes to macroeconomic normalization following severe health shocks in high-income Organisation for Economic Co-operation and Development (OECD) economies. METHODS: An unbalanced OECD panel dataset was analysed using a fixed-effects specification that incorporates structural controls including inflation, unemployment, trade openness, and general health expenditure. RESULTS: The empirical results indicate that vaccine expenditure does not exert a statistically significant independent effect on economic recovery, although the coefficients display a positive but economically modest direction. Conversely, several macroeconomic fundamentals demonstrate stronger and more consistent associations with recovery dynamics. CONCLUSION: Vaccination functions as a necessary but insufficient component of recovery strategies, with its economic influence mediated through system-level efficiency rather than direct fiscal input. Integrated policy frameworks that combine public health interventions with structural economic measures are required.