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European Union’s Portrayal of Health Expenditure Funding Challenges in Pandemic Crises

In: Fostering Recovery Through Metaverse Business Modelling

Author

Listed:
  • Ana-Elena Varadi

    (West University of Timisoara)

  • Alexandra-Mădălina Ţăran

    (West University of Timisoara)

  • Sorana Vătavu

    (West University of Timisoara)

  • Oana-Ramona Lobonţ

    (West University of Timisoara)

Abstract

This study examines the economic repercussions of COVID-19 regarding the funding of health expenditure in the European Union member states over the period 2000–2019. The concern about the future of health expenditure funding at the European level increased even more due to the COVID-19 pandemic stress, evidencing the weaknesses and vulnerabilities of the national health systems. We perform our analysis from two standpoints. Firstly, our scientific approach focussed on bibliometric analysis to determine the novelty and interest in our topic of discussion, which presents a limited number of publications regarding the subject. Secondly, the empirical approach is based on several variables (total COVID-19 cases and deaths per million people, population growth, and health expenditure). The results indicate a direct and statistically significant relationship between the analysed variables. Furthermore, our analysis portrayed the current state of the health sector by examining the hierarchy in the European Union countries. We discover considerable discrepancies among member states regarding health expenditure, between developed and developing countries, which brings the European Union to a relatively low percentage for health expenditure, of 7.14% of GDP.

Suggested Citation

  • Ana-Elena Varadi & Alexandra-Mădălina Ţăran & Sorana Vătavu & Oana-Ramona Lobonţ, 2023. "European Union’s Portrayal of Health Expenditure Funding Challenges in Pandemic Crises," Springer Proceedings in Business and Economics, in: Alina Mihaela Dima & Elena Rodica Danescu (ed.), Fostering Recovery Through Metaverse Business Modelling, pages 221-233, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-28255-3_17
    DOI: 10.1007/978-3-031-28255-3_17
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