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The Effect of Public and Private Health Expenditures on Life Expectancy in Different Countries: Using Panel Data Model

Author

Listed:
  • Tayyebe Azodi

    (Ferdowsi University of Mashhad, Iran)

  • Seyed Mohammad Javad Razmi

    (Ferdowsi University of Mashhad, Iran)

  • Ali Akbar Naji Meidani

    (Ferdowsi University of Mashhad, Iran)

  • Mohammad Ali Falahi

    (Ferdowsi University of Mashhad, Iran)

Abstract

Design/methodology/approach: The study evaluated 142 countries with different income levels using panel data from the period 1996-2014. For this purpose, the World Bank classification was used to identify Low, Lower-Middle, Upper-Middle and High-income countries. This study were the panel data method and estimated using Eviews9 and Stata12 software. Findings: The results show that public expenditure in high-income countries has no significant effect on life expectancy, but private expenditure has a significant and positive effect. The effect of public and private expenditures is significant in the middle and low-income groups, but in the upper middle-income group, the effect of public expenditure is greater than private expenditure; whereas in lower middle and low-income groups, the effect of public expenditure on life expectancy is lower than private expenditure. Research limitations/implications: The limitation of this research is in the amount of variables. Originality/value: The findings of this study can assistance allocate resources, control expenditure and provide economic solutions in the health segment.

Suggested Citation

  • Tayyebe Azodi & Seyed Mohammad Javad Razmi & Ali Akbar Naji Meidani & Mohammad Ali Falahi, 2019. "The Effect of Public and Private Health Expenditures on Life Expectancy in Different Countries: Using Panel Data Model," International Journal of Business and Economic Sciences Applied Research (IJBESAR), International Hellenic University (IHU), Kavala Campus, Greece (formerly Eastern Macedonia and Thrace Institute of Technology - EMaTTech), vol. 12(1), pages 64-69, April.
  • Handle: RePEc:tei:journl:v:12:y:2019:i:1:p:64-69
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Public Health Expenditure; Private Health Expenditure; Income Levels; Panel Data;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • H75 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Government: Health, Education, and Welfare

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