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Determinants of Romania’s Public Healthcare Expenditure. A Quantitative Approach

Author

Listed:
  • Vãidean Viorela-Ligia

    („Babeº-Bolyai”University Cluj-Napoca Faculty of Economics and Business Administration, Finance Department)

  • Maºca Simona-Gabriela

    („Babeº-Bolyai”University Cluj-Napoca Faculty of Economics and Business Administration, Finance Department)

Abstract

Nowadays the financing of a country’s healthcare system is, to a certain extent, relevant for that country’s life standards and possibilities. The purpose of our paper is to analyze the per capita public healthcare expenditure of Romania in relation to several explanatory variables, through a time series analysis on quarterly data. This study reveals that the per capita GDP, the weight of population aged 65 and above in the total population and the number of doctors per one thousand inhabitants influence the Romanian per capita public healthcare expenditure. The results of our study have been interpreted and commented, through Matlab simulations on hyperplanes and hypersurfaces.

Suggested Citation

  • Vãidean Viorela-Ligia & Maºca Simona-Gabriela, 2014. "Determinants of Romania’s Public Healthcare Expenditure. A Quantitative Approach," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 623-628, May.
    • Handle: RePEc:ovi:oviste:v:xiv:y:2014:i:2:p:623-628
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    More about this item

    Keywords

    public healthcare expenditure; time series analysis; correlation; hyperplane; hypersurface.;
    All these keywords.

    JEL classification:

    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health

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