Efficiency of Healthcare Financing: Case of European Countries

Aleksy Kwilinski () and Alina Vysochyna
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Aleksy Kwilinski: Department of Management, Faculty of Applied Sciences, WSB University, 41-300 Dabrowa Gornicza, Poland
Alina Vysochyna: Department of Accounting and Taxation, Sumy State University, 116, Kharkivska St., 40007 Sumy, Ukraine

IJFS, 2024, vol. 12, issue 3, 1-19

Abstract: Global turbulence and uncertainty force civil servants and executors to optimise public finance distribution. The COVID-19 pandemic aligned with the necessity of assessing the efficiency of healthcare financing due to its capability in overcoming the negative consequences. The paper analyses the peculiarities of healthcare financing in 34 European countries and points out trends and changes in its structure and dynamics. It also realises cluster analysis to reveal models of healthcare financing and their specific features. Panel data regression analysis was used to assess the efficiency of healthcare financing within each cluster by clarifying the relationship between healthcare expenditures and public health outcome—life expectancy. The distributed lag model was also used to test for time lags between financial inflows in healthcare and its outcome. Empirical results highlight key tips for optimising healthcare financing and creating the benchmark model.

Keywords: healthcare financing; healthcare efficiency; health expenditure; public health outcomes; COVID-19; coronavirus disease; European countries (search for similar items in EconPapers)
JEL-codes: F2 F3 F41 F42 G1 G2 G3 (search for similar items in EconPapers)
Date: 2024
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