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Government health expenditure, entry of social capital, and regional hospital growth

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  • Zhang, Biaokang
  • Liu, Ziyuan
  • Fan, Xuchun

Abstract

Based on provincial panel data from China for the period 2015–2023 (excluding Hong Kong, Macao, and Taiwan), this study examines the relationships among government health expenditure, the entry of social capital, and the growth in the number of regional hospitals. The findings indicate that increases in government health expenditure significantly promote regional hospital growth; the entry of social capital significantly promotes regional hospital growth; the synergistic effect between social capital and government health expenditure further promotes regional hospital growth; the positive impact of government health expenditure on regional hospital growth exhibits heterogeneity across the eastern, central, and western regions; and the promotional effect of social capital entry on regional hospital growth is significantly stronger in developed regions than in less developed regions.

Suggested Citation

  • Zhang, Biaokang & Liu, Ziyuan & Fan, Xuchun, 2025. "Government health expenditure, entry of social capital, and regional hospital growth," Finance Research Letters, Elsevier, vol. 86(PE).
    • Handle: RePEc:eee:finlet:v:86:y:2025:i:pe:s1544612325020240
    DOI: 10.1016/j.frl.2025.108770
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    References listed on IDEAS

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    1. Han, Baohua & Liu, Chao & Ling, Wenhao, 2025. "Impact of financial literacy and awareness of children's pension responsibilities on the willingness to purchase pension insurance: Evidence based on survey data (CLASS)," Finance Research Letters, Elsevier, vol. 76(C).
    2. Castano, Ramon & Prada, Sergio I. & Maldonado, Norman & Soto, Victoria, 2025. "Managed competition in Colombia: convergence of public and private insurance and delivery," Health Economics, Policy and Law, Cambridge University Press, vol. 20(2), pages 175-189, April.
    3. He, Yiran & He, Xinao & Yan, Siyu & Huang, Jian, 2025. "Social security, health capital and household investment behavior," Finance Research Letters, Elsevier, vol. 71(C).
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