The socioeconomic determinants of health expenditure in OECD: An examination on panel data

ABSTRACT

In recent years, there have been critical improvements and changes in health systems and health care. These issues have caused a dramatic increase in the cost of health care and health expenditure all around the world. It is, however, not sustainable. Therefore, governments have been seeking ways to reduce the costs of services in the health sector. In this context, it was aimed to figure out the predictors of health expenditure in OECD and a panel data analysis covering the period of 2000–2017 was used to achieve the main objective of the study. It was found that income (β: 1.331) and education (β: 0.062) were the most important factors affecting health expenditure in OECD (p < 0.05) and also, that unemployment rate and dependency ratio had not statically significant effect on health expenditure (p > 0.05). Additionally, it was seen that health expenditure in OECD had increased for years. In this context, it can be concluded that health expenditure will continue to rise. Thus, it is suggested that the following studies should focus on the efficiency and the effectiveness of health expenditure for the sustainability.

KEYWORDS:

• Health expenditure
• income
• educational level
• inflation
• unemployment
• dependent population

Subject classification codes::

• I15
• H30
• E62

Disclosure statement

No potential conflict of interest was reported by the author(s).

Additional information

Notes on contributors

Birol Yetim

Birol Yetim is working as a research assistant in Hacettepe University Health Care Management Department, in Ankara, Turkey. Birol Yetim's fields of study are; health economics, research methods in health services and health institutions management.

Gülnur İlgün

Gülnur İlgün is working as a research assistant in Hacettepe University Health Care Management Department, in Ankara, Turkey. Gülnur İlgün's fields of study are; health economics, research methods in health services, statistical analysis and health institutions management.

Yasin Çilhoroz

Yasin Çilhoroz is working as a research assistant in Hacettepe University Health Care Management Department, in Ankara, Turkey. Yasin Çilhoroz's fields of study are; health economics, health technology, and health institutions management.

Şenol Demirci

Şenol Demirci is working as a research assistant in Hacettepe University Health Care Management Department, in Ankara, Turkey. Şenol Demirci's fields of study are; health economics, data mining, statistical analysis, and health institutions management.

Murat Konca

Murat Konca is working as a research assistant in Hacettepe University Health Care Management Department, in Ankara, Turkey. Murat Konca's fields of study are; health economics, research methods in health services, statistical analysis, and health institutions management.