Journal Browser
Open Access Journal Article

Healthcare Expenditure and Economic Performance

by John Martin 1,*
1
John Martin
*
Author to whom correspondence should be addressed.
Received: 22 April 2022 / Accepted: 20 May 2022 / Published Online: 12 June 2022

Abstract

The relationship between healthcare expenditure and economic performance is a topic of significant interest in the field of economics and public health. This study aims to explore the correlation between healthcare spending and overall economic growth, with a focus on the long-term implications for developing and developed countries. By analyzing a comprehensive dataset that includes various economic indicators and healthcare expenditure rates, this research examines how increased healthcare investment correlates with improved economic outcomes. Findings suggest that there is a positive, albeit non-linear, relationship between healthcare expenditure and economic performance, with the potential for significant benefits to national economies. However, the magnitude of the impact varies widely across countries, highlighting the importance of contextual factors such as healthcare systems, economic development levels, and policy frameworks. The study concludes that strategic investment in healthcare can be a catalyst for economic growth, but it must be balanced with considerations of cost-effectiveness and efficiency in resource allocation.


Copyright: © 2022 by Martin. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
Cite This Paper
APA Style
Martin, J. (2022). Healthcare Expenditure and Economic Performance. Economics and Finance Research Letters, 4(1), 30. doi:10.69610/j.efrl.20220612
ACS Style
Martin, J. Healthcare Expenditure and Economic Performance. Economics and Finance Research Letters, 2022, 4, 30. doi:10.69610/j.efrl.20220612
AMA Style
Martin J. Healthcare Expenditure and Economic Performance. Economics and Finance Research Letters; 2022, 4(1):30. doi:10.69610/j.efrl.20220612
Chicago/Turabian Style
Martin, John 2022. "Healthcare Expenditure and Economic Performance" Economics and Finance Research Letters 4, no.1:30. doi:10.69610/j.efrl.20220612

Share and Cite

ACS Style
Martin, J. Healthcare Expenditure and Economic Performance. Economics and Finance Research Letters, 2022, 4, 30. doi:10.69610/j.efrl.20220612
AMA Style
Martin J. Healthcare Expenditure and Economic Performance. Economics and Finance Research Letters; 2022, 4(1):30. doi:10.69610/j.efrl.20220612
Chicago/Turabian Style
Martin, John 2022. "Healthcare Expenditure and Economic Performance" Economics and Finance Research Letters 4, no.1:30. doi:10.69610/j.efrl.20220612
APA style
Martin, J. (2022). Healthcare Expenditure and Economic Performance. Economics and Finance Research Letters, 4(1), 30. doi:10.69610/j.efrl.20220612

Article Metrics

Article Access Statistics

References

  1. Burbules, N. C., & Callister, T. A. (2000). Watch IT: The Risks and Promises of Information Technologies for Education. Westview Press.
  2. Galbraith, J. K. (1981). The affluent society. Houghton Mifflin.
  3. Cutler, D. M., & Lleras-Muney, A. (2006). The Economic Consequences of Health. Journal of Economic Perspectives, 20(3), 29-42.
  4. Grossman, M. (1972). On the Concept of Health Capital and the Demand for Health. Journal of Political Economy, 80(2), 223-255.
  5. Culyer, A. J., & Newhouse, J. P. (2000). Handbook of Health Economics. Elsevier.
  6. World Bank. (1993). World Development Report 1993: Investing in Health. Oxford University Press.
  7. Devarajan, S., Lee, J., & Zou, H. (2000). Health, Inequality, and Growth. Journal of Public Economics, 77(2), 207-224.
  8. United Nations. (1990). World Development Report 1990: Poverty. Oxford University Press.
  9. Cutler, D. M., & Lleras-Muney, A. (2006). Health and Productivity: A Review of the Literature. NBER Working Paper No. 12328.
  10. The World Bank. (1993). World Development Report 1993: Investing in Health. Oxford University Press.