Predictors of (in)efficiencies of Healthcare Expenditure Among the Leading Asian Economies – Comparison of OECD and Non-OECD Nations
Jakovljevic,Mihajlo (Creator), Sugahara,Takuma (Creator), Timofeyev,Yuriy (Creator), Rancic,Nemanja (Creator)
Mihajlo Jakovljevic,1– 3 Takuma Sugahara,2 Yuriy Timofeyev,4 Nemanja Rancic5,6 1Department of Global Health Economics and Policy, Faculty of Medical Sciences, University of Kragujevac, Kragujevac, Serbia; 2Institute of Comparative Economics, Hosei University, Tokyo, Japan; 3N.A.Semashko Department of Public Health and Healthcare, I.M. Sechenov First Moscow State Medical University (Sechenov University), Moscow, Russia; 4National Research University Higher School of Economics, Moscow, Russia; 5Centre for Clinical Pharmacology, Military Medical Academy, Belgrade, Serbia; 6Faculty of Medicine of the Military Medical Academy, University of Defence, Belgrade, SerbiaCorrespondence: Mihajlo JakovljevicDepartment of Global Health Economics and Policy, Faculty of Medical Sciences, University of Kragujevac, Kragujevac 34000, SerbiaTel +381 34306 800Email [email protected]: The goal of this study was to assess the effectiveness of healthcare spending among the leading Asian economies.Methods: We have selected a total of nine Asian nations, based on the strength of their economic output and long-term real GDP growth rates. The OECD members included Japan and the Republic of Korea, while the seven non-OECD nations were China, India, Indonesia, Malaysia, Pakistan, the Philippines, and Thailand. Healthcare systems efficiency was analyzed over the period 1996– 2017. To assess the effectiveness of healthcare expenditure of each group of countries, the two-way fixed effects model (country- and year effects) was used.Results: Quality of governance and current health expenditure determine healthcare system performance. Population density and urbanization are positively associated with a healthy life expectancy in the non-OECD Asian countries. In this group, unsafe water drinking has a statistically negative effect on healthy life expectancy. Interestingly, only per capita consumption of carbohydrates is significantly linked with healthy life expectancy
Downloadable Archival Material, English, 2020-10-21
Dove Press, 2020-10-21