IDEAS home Printed from https://ideas.repec.org/a/vrs/ecothe/v60y2022i4p551-565n8.html
   My bibliography  Save this article

Interdependence of Public Health Expenditure Efficiency and Economic Development in Growing OECD Economies and the Republic of Serbia

Author

Listed:
  • Prole Ljiljana

    (1 PhD student, University of Niš, Faculty of Economics, Republic of Serbia)

  • Đurović-Todorović Jadranka

    (2 University of Niš, Faculty of Economics, Republic of Serbia)

  • Božić Dragana

    (3 Tourism organization of Niš, Niš, Republic of Serbia)

Abstract

Economic shocks represent a challenge for health systems because they decrease public revenue, and at the same time, increase the need for publicly funded health care. Since health expenditure is rapidly increasing in most countries, its efficiency must be tested. The subject of research in this paper is exactly the interdependence of public health expenditures and their efficiency, expressed through the anticipated life expectancy, as well as their relationship with economic growth. The correlation analysis conveyed in this paper refers to the period 2010-2019 and it is based on OECD countries’ data, growing OECD economies data, and the data for the Republic of Serbia..

Suggested Citation

  • Prole Ljiljana & Đurović-Todorović Jadranka & Božić Dragana, 2022. "Interdependence of Public Health Expenditure Efficiency and Economic Development in Growing OECD Economies and the Republic of Serbia," Economic Themes, Sciendo, vol. 60(4), pages 551-565, December.
    • Handle: RePEc:vrs:ecothe:v:60:y:2022:i:4:p:551-565:n:8
    DOI: 10.2478/ethemes-2022-0030
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/ethemes-2022-0030
    Download Restriction: no
    File URL: https://libkey.io/10.2478/ethemes-2022-0030?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. John Loizides & George Vamvoukas, 2005. "Government expenditure and economic growth: Evidence from trivariate causality testing," Journal of Applied Economics, Universidad del CEMA, vol. 8, pages 125-152, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rahul Ranjan & Abhishek K. Chintu, 2013. "An Application of Wagner’s Law in the Indian Economy: 1970-71 to 2010-11," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(4), pages 138-144, December.
    2. Muhammad, Shahbaz & V G R, Chandran & Pervaiz, Azeem, 2011. "Natural gas consumption and economic growth: cointegration, causality and forecast error variance decomposition tests for Pakistan," MPRA Paper 35103, University Library of Munich, Germany, revised 30 Nov 2011.
    3. Campo, Jacobo & Mendoza, Henry, 2018. "Gasto público y crecimiento económico: un análisis regional para Colombia, 1984-2012," Revista Lecturas de Economía, Universidad de Antioquia, CIE, issue 88, pages 77-108, January.
    4. repec:ers:journl:v:volumexxi:y:2018:i:issue4:p:368-377 is not listed on IDEAS
    5. Marc Audi & Amjad Ali, 2023. "Public Policy and Economic Misery Nexus: A Comparative Analysis of Developed and Developing World," International Journal of Economics and Financial Issues, Econjournals, vol. 13(3), pages 56-73, May.
    6. Lee, Chien-Chiang & Chiu, Yi-Bin, 2011. "Oil prices, nuclear energy consumption, and economic growth: New evidence using a heterogeneous panel analysis," Energy Policy, Elsevier, vol. 39(4), pages 2111-2120, April.
    7. Sheilla Nyasha Author-Name: Yvonne Gwenhure & Nicholas M. Odhiambo, 2017. "Poverty and Economic Growth in Ethiopia: A Multivariate Causal Linkage," Journal of Developing Areas, Tennessee State University, College of Business, vol. 51(1), pages 343-359, January-M.
    8. Le, Thai-Ha & Tran-Nam, Binh, 2018. "Trade liberalization, financial modernization and economic development: An empirical study of selected Asia–Pacific countries," Research in Economics, Elsevier, vol. 72(2), pages 343-355.
    9. Sheilla Nyasha & Yvonne Gwenhure & Nicholas M Odhiambo, 2018. "Energy consumption and economic growth in Ethiopia: A dynamic causal linkage," Energy & Environment, , vol. 29(8), pages 1393-1412, December.
    10. Xincai Gao & Lin Ji & Abbas Ali Chandio & Amber Gul & Martinson Ankrah Twumasi & Fayyaz Ahmad, 2022. "Towards Sustainable Agriculture in China: Assessing the Robust Role of Green Public Investment," Sustainability, MDPI, vol. 14(6), pages 1-18, March.
    11. Jong Chan Lee & Yi Joong Won & Sang Young Jei, 2019. "Study of the Relationship between Government Expenditures and Economic Growth for China and Korea," Sustainability, MDPI, vol. 11(22), pages 1-11, November.
    12. Dimitrios Sideris, 2007. "Wagner's Law in 19th Century Greece: A Cointegration and Causality Analysis," Working Papers 64, Bank of Greece.
    13. Lee, Chien-Chiang & Chiu, Yi-Bin, 2011. "Nuclear energy consumption, oil prices, and economic growth: Evidence from highly industrialized countries," Energy Economics, Elsevier, vol. 33(2), pages 236-248, March.
    14. Apata Temidayo Gabriel, 2019. "Public spending mechanisms and gross domestic product (GDP) growth in the agricultural sector (1970–2016): Lessons for Nigeria from agricultural policy progressions in China," Bulletin of Geography. Socio-economic Series, Sciendo, vol. 44(44), pages 57-72, June.
    15. Zuzana Machová & Igor Kotlán, 2013. "Interakce zdanění, vládních výdajů a ekonomického růstu: panelový VAR model pro země OECD [Interaction of Taxation, Government Expenditure and Economic Growth: Panel VAR Model for OECD Countries]," Politická ekonomie, Prague University of Economics and Business, vol. 2013(5), pages 623-638.
    16. Christopher P. P. Shafuda & Utpal Kumar De, 2020. "Government expenditure on human capital and growth in Namibia: a time series analysis," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 9(1), pages 1-14, December.
    17. Argyropoulos, Athanasios & Karpetis, Christos & Papadamou, Stephanos & Varelas, Erotokritos, 2022. "Private capital formation and government spending interaction in the case of eurozone countries," The Journal of Economic Asymmetries, Elsevier, vol. 26(C).
    18. Magombeyi, Mercy T & Odhiambo, Nicholas M, 2017. "FDI and poverty reduction in Botswana: A multivariate causality test," Working Papers 22656, University of South Africa, Department of Economics.
    19. Shahbaz, Muhammad & Lean, Hooi Hooi & Farooq, Abdul, 2013. "Natural gas consumption and economic growth in Pakistan," Renewable and Sustainable Energy Reviews, Elsevier, vol. 18(C), pages 87-94.
    20. Philip O. Alege & Oluwasogo S. Adediran & Adeyemi A. Ogundipe, 2016. "Pollutant Emissions, Energy Consumption and Economic Growth in Nigeria," International Journal of Energy Economics and Policy, Econjournals, vol. 6(2), pages 202-207.
    21. Chemnyongoi, Hellen, 2023. "Fiscal Policy Sustainability in Kenya," African Journal of Economic Review, African Journal of Economic Review, vol. 7(4), June.

    More about this item

    Keywords

    health expenditures; OECD countries; life expectancy; GDP;
    All these keywords.

    JEL classification:

    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:ecothe:v:60:y:2022:i:4:p:551-565:n:8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.