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Healthcare Expenditure in Times of Crisis

Author

Listed:
  • Dimitar At. Dimitrov
  • Magdalena Baymakova

    (VMA, Sofia, Bulgaria)

  • Georgi T. Popov

    (VMA, Sofia, Bulgaria)

Abstract

Spending of financial resources in the public sector is a major challenge for any government. Mainly part of it is a healthcare expenditure. Health and education are the base of today’s prosperity. The cost of healthcare is rising permanently since the middle 20th century. The question is whether this trend has been continued after the crisis of 2007-2008. We analyzed the cost of health services between the G-7 and several developing countries. The review showed that all countries increase their health care costs despite. Countries like USA, Canada and Japan have good results whereas Mexico, China and India are with the worst indicators. Despite the ambitions and claims for progress China and India remain poor and undeveloped, a fact supported by most significant indicator such as GDP per capita.

Suggested Citation

  • Dimitar At. Dimitrov & Magdalena Baymakova & Georgi T. Popov, 2014. "Healthcare Expenditure in Times of Crisis," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 69-84, December.
    • Handle: RePEc:nwe:iisabg:y:2014:i:4:p:69-84
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    Citations

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    Cited by:

    1. Shakeel, Shah Rukh & Takala, Josu & Shakeel, Waqas, 2016. "Renewable energy sources in power generation in Pakistan," Renewable and Sustainable Energy Reviews, Elsevier, vol. 64(C), pages 421-434.
    2. Carmichael, Fiona & Ercolani, Marco G., 2015. "Age-training gaps across the European Union: How and why they vary across member states," The Journal of the Economics of Ageing, Elsevier, vol. 6(C), pages 163-175.

    More about this item

    Keywords

    GDP; healthcare expenditure;

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • I10 - Health, Education, and Welfare - - Health - - - General

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