Analiza učinka državnog ulaganja u zdravstvo na produktivnost rada u zemljama Europske unije

master's thesis

• Title (english): Analysis of the impact of public investment in health on labor productivity in European union countries
• Author: Barbara Krizel
• Mentor: Hrvoje Šimović (mentor); MBZ: 257496
• Committee member: Hrvoje Šimović (predsjednik povjerenstva)
• Committee member: Irena Palić (član povjerenstva)
• Committee member: Šime Smolić (član povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; Zagreb
• Defense date and country: 2020-09-10, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics; Finance

Abstract

Ulaganje u zdravstvo kao ulaganje u jedan od glavnih elemenata ljudskog kapitala ključan je preduvjet za unaprjeđenje zdravstvene zaštite pojedinaca, a samim time i produktivnosti rada i budućeg ekonomskog rasta gospodarstava. Stoga je cilj ovog istraživanja ispitati utjecaj visine državnih izdataka za zdravstvo na produktivnost rada u dugom roku u 27 zemalja članica Europske unije s posebnim osvrtom na Republiku Hrvatsku. Uz to, u istraživanje će biti uključene i dvije kontrolne varijable radi donošenja pouzdanijih zaključaka. S obzirom na rezultate prethodnih empirijskih istraživanja postavljena je istraživačka hipoteza prema kojoj rast izdataka za zdravstvo dovodi do rasta produktivnosti rada. Pri provođenju empirijske analize, utjecaj izdataka za zdravstvo na produktivnost rada ispitan je primjenom statičkih panel modela, pri čemu su korišteni godišnji podaci u promatranom razdoblju od 2001. do 2018. godine. Za izbor najprikladnijeg panel modela za empirijsku analizu korišteni su F-test, Hausmanov test i Breusch-Pagan LM test, na temelju kojih je zaključeno da je prikladan model s fiksnim efektima. Sukladno navedenom, provedena je detaljna empirijska analiza modela s fiksnim učincima. Rezultati provedenog istraživanja upućuju na postojanje pozitivne povezanosti između izdataka za zdravstvo i produktivnosti rada, čime je potvrđena postavljena istraživačka hipoteza. Također, pokazalo se da je u „starim“ članicama Europske unije taj efekt rasta produktivnosti, koji je izazvan rastom državnih izdataka za zdravstvo, manji od efekta rasta u „novim“ članicama Europske unije. Takvi rezultati su i očekivani sukladno teoriji ekonomske konvergencije. S obzirom na zaključak ovog istraživanja, preporuka je nositeljima ekonomske i zdravstvene politike povećanje izdataka za zdravstvo, koji će preko povećanja produktivnosti doprinijeti rastu ukupne ekonomije.

Abstract (english)

Investing in healthcare as an investment in one of the main elements of human capital is a key prerequisite for improving the healthcare of individuals, and thus labor productivity and future economic growth of economies. Therefore, the aim of this study is to examine how much the amount of government expenditure in healthcare impacts the long term labor productivity in the 27 EU member states with special reference to the Republic of Croatia. In addition, two control variables will be included in the study to draw more reliable conclusions. Considering the results of previous empirical research, a research hypothesis has been set according to which expenditure on healthcare leads to an increase in labor productivity. In conducting an empirical analysis, the impact of health expenditures on labor productivity was examined using static panel models, using annual data in the observed period from 2001 to 2018. The F-test, the Hausman test and the Breusch-Pagan LM test were used to select the most suitable panel model for empirical analysis, on the basis of which it was concluded that a model with fixed effects was suitable. Accordingly, a detailed empirical analysis of the fixed-effect model was performed. The results of the conducted research indicate the existence of a positive correlation between health expenditures and labor productivity, which confirms the research hypothesis. Also, it has been shown that in the "old" members of the European Union this effect of productivity growth, which is caused by the growth of government spending on health, is smaller than the effect of growth in the "new" members of the European Union. Such results are also expected in accordance with the theory of economic convergence. Given the conclusion of this research, the recommendation to economic and health policy makers is to increase health expenditures, which will contribute to the growth of the overall economy through increased productivity.

• Keywords: produktivnost rada; javni izdaci za zdravstvo; ljudski kapital; zdravstvena zaštita; panel analiza
• Keywords (english): labor productivity; public health expenditures; human capital; healthcare; panel analysis
• Language: croatian
• URN:NBN: urn:nbn:hr:148:476840
• Study programme: Title: Economics; Study programme type: university; Study level: integrated undergraduate and graduate; Academic / professional title: magistar/magistra ekonomije (magistar/magistra ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Access restricted to students and staff of home institution
• Created on: 2020-09-10 09:18:55