Determinants of Romania’s Public Healthcare Expenditure. A Quantitative Approach

Vãidean Viorela-Ligia () and Maºca Simona-Gabriela ()
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Vãidean Viorela-Ligia: „Babeº-Bolyai”University Cluj-Napoca Faculty of Economics and Business Administration, Finance Department
Maºca Simona-Gabriela: „Babeº-Bolyai”University Cluj-Napoca Faculty of Economics and Business Administration, Finance Department

Ovidius University Annals, Economic Sciences Series, 2014, vol. XIV, issue 2, 623-628

Abstract: Nowadays the financing of a country’s healthcare system is, to a certain extent, relevant for that country’s life standards and possibilities. The purpose of our paper is to analyze the per capita public healthcare expenditure of Romania in relation to several explanatory variables, through a time series analysis on quarterly data. This study reveals that the per capita GDP, the weight of population aged 65 and above in the total population and the number of doctors per one thousand inhabitants influence the Romanian per capita public healthcare expenditure. The results of our study have been interpreted and commented, through Matlab simulations on hyperplanes and hypersurfaces.

Keywords: public healthcare expenditure; time series analysis; correlation; hyperplane; hypersurface. (search for similar items in EconPapers)
JEL-codes: H51 I18 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xiv:y:2014:i:2:p:623-628

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