The impact of the health-care sector on national economies in selected European countries |
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| Authors: | Timotej Jagri? Christine Brown Tammy Boyce Vita Jagri? |
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| Institution: | 1. Pharmacotherapy Outcomes Research Center, College of Pharmacy, University of Utah, 30 S 2000 E, Salt Lake City, 84112, UT, USA;2. Population Informatics Lab, Texas A&M University, 212 Adriance Lab Rd, College Station, 77843, TX, USA;3. Laboratory of Health Economics & Management, Economics Department, University of Piraeus, Karaoli ke Dimitriou 80, 185 34, Piraeus, Greece;4. Department of Health Policy & Management, School of Public Health, Texas A&M University, 212 Adriance Lab Rd, 77843, College Station, TX, USA;5. University Regional General Hospital of Patras, University of Patras, 26504, Patras, Rion, Greece;6. Department of Social and Education Policy, University of Peloponnese, Damaskinou & Kolokotroni Str., 20100, Corinth, Greece;1. VIVE – The Danish Center for Social Science Research, Herluf Trolles Gade 11, København K, DK;2. Centre for Health Policy, Institute of Global Health Innovation, Imperial College London, SW7 2A London, UK;3. Danish Centre for Health Economics, University of Southern Denmark, J.B. Winsløws Vej 9B, Odense C, DK;4. Department of Business and Economics, University of Southern Denmark, Campusvej 55, 5230 Odense M, DK |
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| Abstract: | Policy-makers face pressures to improve lives and safeguard public finances sustainably. In this analysis, we estimate the economic importance of the health-care sector in 19 European national economies.We use input–output tables for the year 2010 and sectoral data to estimate a set of multipliers: simple, total, truncated, type I and type II multipliers for output, income, value-added, employment and import multiplier.The analysis reveals similarities in the economic importance of the health-care sector for the national economies of the observed countries. Results suggest prevailing positive effects on national economies (value-added, employment and household income) when spending on health-care sector products and services increases, especially in comparison to the effects of increases in spending in other sectors. The importance of the health-care sector is connected to countries’ levels of development; the benefits are especially promising in countries with lower levels of gross domestic product (GDP) per capita, where changes in the health-care sector have a larger impact on employment in the national economy than similar changes in more developed countries. The health-care sector therefore can play an important role as an instrument of economic policy. |
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| Keywords: | Input–output analysis Multipliers Health-Care sector European countries Impact analysis |
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