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Interdependence of Public Health Expenditure Efficiency and Economic Development in Growing OECD Economies and the Republic of Serbia

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  • Prole Ljiljana

    (PhD student, University of Niš, Faculty of Economics, Republic of Serbia)

  • Đurović-Todorović Jadranka

    (University of Niš, Faculty of Economics, Republic of Serbia)

  • Božić Dragana

    (Tourism organization of Niš, Niš, Republic of Serbia)

Abstract

Economic shocks represent a challenge for health systems because they decrease public revenue, and at the same time, increase the need for publicly funded health care. Since health expenditure is rapidly increasing in most countries, its efficiency must be tested. The subject of research in this paper is exactly the interdependence of public health expenditures and their efficiency, expressed through the anticipated life expectancy, as well as their relationship with economic growth. The correlation analysis conveyed in this paper refers to the period 2010-2019 and it is based on OECD countries’ data, growing OECD economies data, and the data for the Republic of Serbia..

Suggested Citation

  • Prole Ljiljana & Đurović-Todorović Jadranka & Božić Dragana, 2022. "Interdependence of Public Health Expenditure Efficiency and Economic Development in Growing OECD Economies and the Republic of Serbia," Economic Themes, Sciendo, vol. 60(4), pages 551-565, December.
    • Handle: RePEc:vrs:ecothe:v:60:y:2022:i:4:p:551-565:n:8
    DOI: 10.2478/ethemes-2022-0030
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    References listed on IDEAS

    as
    1. John Loizides & George Vamvoukas, 2005. "Government Expenditure and Economic Growth: Evidence from Trivariate Causality Testing," Journal of Applied Economics, Taylor & Francis Journals, vol. 8(1), pages 125-152, May.
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    More about this item

    Keywords

    health expenditures; OECD countries; life expectancy; GDP;
    All these keywords.

    JEL classification:

    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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