| Title |
The impact of public health expenditure on health component of human capital / |
| Authors |
Railaite, Rasa ; Ciutiene, Ruta |
| DOI |
10.5755/j01.ee.31.3.25158 |
| Full Text |
|
| Is Part of |
Inžinerinė ekonomika = Engineering economics.. Kaunas : KTU. 2020, vol. 31, iss. 3, p. 371-379.. ISSN 1392-2785. eISSN 2029-5839 |
| Keywords [eng] |
public health expenditure ; health input ; health outcomes ; human capital ; human capital factors |
| Abstract [eng] |
The analysis of the concept of human capital shows that this form of capital includes a set of different components that are used in economic activities and generates different kind of benefits. Health is one of the main components of human capital. Hence, considering its importance authorsof this article tried to investigate the impact of public health expenditure on the health component ofhuman capital. Ordinary least square, fixed and random effects panel data models for 28 European Union countries were used to reach this purpose. The main variables used in this study is life expectancy at birth (related to the health component of human capital) and general government health expenditure.It is known thatthere are otherfactors affecting health and human capital in general. Hencevariablessuchas GDP grow, GINI coefficient, education level, alcohol consumption, old age dependency and urbanization rate wereadded in the models as explanatory variables. The results of the performed study show that public health expenditure has a positive and significant impact on the improvements of life expectancy. Selected fixed-effects panel data models also show significant and positive effects of the GDP growth, old age dependency while a negative effectis identified by alcohol consumption. The existing close relationship between health and education also is confirmed by this study. Results suggestthat higher education level is positively and significantly related to life expectancy while a lower education has a negative impact on life expectancy. |
| Published |
Kaunas : KTU |
| Type |
Journal article |
| Language |
English |
| Publication date |
2020 |
| CC license |
|
