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Health sector in North Macedonia - the analysis of the economic impact

Author

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  • Timotej Jagrič
  • Stefan O. Grbenic
  • Vita Jagrič

Abstract

This paper analyses the economic impact of the healthcare sector in North Macedonia. We calculate various types of multipliers for the years 2010 and 2015 employing the methodology of input-output tables. The results indicate that additional spending into the healthcare sector has above-average stimulus effects on the national economy. Furthermore, we explore the ranking of the various sectors in the national economy concerning their multipliers' values, finding the healthcare sector to rank high. The results are in line with theoretical expectations based upon the findings of previous studies on the economic footprints of healthcare sectors in other European countries.

Suggested Citation

  • Timotej Jagrič & Stefan O. Grbenic & Vita Jagrič, 2020. "Health sector in North Macedonia - the analysis of the economic impact," International Journal of Sustainable Economy, Inderscience Enterprises Ltd, vol. 12(3), pages 281-296.
    • Handle: RePEc:ids:ijsuse:v:12:y:2020:i:3:p:281-296
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