Association between Economic Growth, Mortality, and Healthcare Spending in 31 High-Income Countries.

Q3 Economics, Econometrics and Finance

Forum for Health Economics and Policy Pub Date : 2021-12-01 DOI:10.1515/fhep-2021-0035

Francesco Sanmarchi, Francesco Esposito, Andrea Bucci, Fabrizio Toscano, Davide Golinelli

引用次数: 2

Abstract

This study aims to investigate the association between gross domestic product (GDP), mortality rate (MR) and current healthcare expenditure (CHE) in 31 high-income countries. We used panel data from 2000 to 2017 collected from WHO and OECD databases. The association between CHE, GDP and MR was investigated through a random-effects model. To control for reverse causality, we adopted a test of Granger causality. The model shows that the MR has a statistically significant and negative effect on CHE and that an increase in GDP is associated with an increase of CHE (p < 0.001). The Granger causality analysis shows that all the variables exhibit a bidirectional causality. We found a two-way relationship between GDP and CHE. Our analysis highlights the economic multiplier effect of CHE. In the debate on the optimal allocation of resources, this evidence should be taken into due consideration.

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31个高收入国家的经济增长、死亡率和医疗支出之间的关系

本研究旨在调查31个高收入国家的国内生产总值(GDP)、死亡率(MR)和当前医疗保健支出(CHE)之间的关系。我们使用了从世卫组织和经合组织数据库中收集的2000年至2017年的面板数据。通过随机效应模型研究了CHE、GDP和MR之间的关系。为了控制反向因果关系，我们采用格兰杰因果关系检验。模型显示，MR对CHE具有统计显著的负影响，GDP的增加与CHE的增加相关(p < 0.001)。格兰杰因果分析表明，所有变量都表现出双向因果关系。我们发现GDP和CHE之间存在双向关系。我们的分析突出了CHE的经济乘数效应。在关于资源的最佳配置的辩论中，应该适当考虑到这一证据。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Forum for Health Economics and Policy Economics, Econometrics and Finance-Economics, Econometrics and Finance (miscellaneous)

CiteScore

1.60

自引率

0.00%

发文量

期刊介绍： Forum for Health Economics & Policy (FHEP) showcases articles in key substantive areas that lie at the intersection of health economics and health policy. The journal uses an innovative structure of forums to promote discourse on the most pressing and timely subjects in health economics and health policy, such as biomedical research and the economy, and aging and medical care costs. Forums are chosen by the Editorial Board to reflect topics where additional research is needed by economists and where the field is advancing rapidly. The journal is edited by Katherine Baicker, David Cutler and Alan Garber of Harvard University, Jay Bhattacharya of Stanford University, Dana Goldman of the University of Southern California and RAND Corporation, Neeraj Sood of the University of Southern California, Anup Malani and Tomas Philipson of University of Chicago, Pinar Karaca Mandic of the　University of Minnesota, and John Romley of the University of Southern California. FHEP is sponsored by the Schaeffer Center for Health Policy and Economics at the University of Southern California. A subscription to the journal also includes the proceedings from the National Bureau of Economic Research''s annual Frontiers in Health Policy Research Conference. Topics: Economics, Political economics, Biomedical research and the economy, Aging and medical care costs, Nursing, Cancer studies, Medical treatment, Others related.