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Innovative Perspectives Of A Healthy Economy In Europe

  • Mariana BALAN


    (“Athenaeum” University-Bucharest, Institute for Economic Forecasting, Romanian Academy)

  • Oana Camelia IACOB


    (Valahia University, Targoviste, Romania)

  • Ana-Maria VOLINTIRU


    (Valahia University, Targoviste, Romania)

  • Aurel MARIN


    (Valahia University, Targoviste, Romania)

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    Against the background of a double crisis - the short-term economic and long-term demographic crisis - European states adjust to reality embracing the various components of the welfare state, of which the health care system and the retirement system are the first. This article aims to draw attention to an immediately noticeable problem of the health system in Romania, underfunding. Health, as well as defense or education, represents one of the basic sectors for life itself, in any society. Importance of health in the economy is justified by the indispensability of services they produce, the amount of used resources, the number of people it serves and numerous connections to other fields. The basis of this article assumes that economic growth is a key factor for long-term health, especially in developing economies. The analysis focused on key indicators of health system in Romania, showing the high efficiency of different attempts to apply innovation in health care and national willingness to adopt change. Alignment with European Directives and the quality of the health system in other countries has spurred the phenomenon of change in the Romanian economy thereby causing an urgent need to introduce the idea of having quality healthcare services.

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    Article provided by Athenaeum University of Bucharest in its journal Internal Auditing and Risk Management.

    Volume (Year): 4 (2013)
    Issue (Month): 32 (December)
    Pages: 13-26

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    Handle: RePEc:ath:journl:tome:32:v:4:y:2013:i:32:p:13-26
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    1. David N. Weil, 2007. "Accounting for The Effect of Health on Economic Growth," The Quarterly Journal of Economics, MIT Press, vol. 122(3), pages 1265-1306, 08.
    2. Daron Acemoglu & Simon Johnson, 2007. "Disease and Development: The Effect of Life Expectancy on Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 115(6), pages 925-985, December.
    3. Edward Miguel & Michael Kremer, 2004. "Worms: Identifying Impacts on Education and Health in the Presence of Treatment Externalities," Econometrica, Econometric Society, vol. 72(1), pages 159-217, 01.
    4. Constantin POPESCU & Cristina BURGHELEA, 2010. "The Health of the Economy as a Living Organism," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 2(2(543)), pages 79-88, February.
    5. Rothschild, Michael & Stiglitz, Joseph E, 1976. "Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information," The Quarterly Journal of Economics, MIT Press, vol. 90(4), pages 630-49, November.
    6. Baldacci, Emanuele & Clements, Benedict & Gupta, Sanjeev & Cui, Qiang, 2008. "Social Spending, Human Capital, and Growth in Developing Countries," World Development, Elsevier, vol. 36(8), pages 1317-1341, August.
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