— The development level of a country is reflected by their healthcare expenditures, as investments in the health status of the population further bring several economic benefits along. European governments have focused on continuous improvement of member states’ healthcare systems through various complex strategies. The purpose of this paper is to explicate the per capita healthcare expenditures of EU-28 member states over a ten year time interval by the per capita gross domestic product and the share of the population aged 65 and above in the total population. A dummy variable is also used for the predominant financing method of European healthcare systems.
— Econometric modeling, gross domestic product, healthcare expenditure, healthcare systems.
Viorela Ligia Văidean is with the Finance Department of the Faculty of Economics and Business Administration, “Babes-Bolyai” University Cluj-Napoca, Romania (e-mail: email@example.com).
Cite: Viorela-Ligia Văidean, " Determinants of EU-28 Healthcare Expenditure," Journal of Economics, Business and Management vol. 3, no. 12, pp. 1126-1130, 2015.