Discovering the Socio-Economic, and Environmental factors of Health Expenditure: Case Study of Regions

Abstract

The aim of the current study is to reduce the burden of the government’s spending on health expenditure and also determine the factors which contribute to health spending. For the present examination, the data was collected from World Bank, covering the time span from 2000 to 2016 for regions i.e., East Asia & Pacific (EA&PR), Europe & Central Asia (E&CAR), Middle East & North Africa (ME&NAR), South Asia (SAR), and Sub-Saharan Africa (SSAR). The key goal of this work is to examine the important macroeconomics determinants of health expenditure (MDHE). The outcome of the study is concluded that all the determinants have significantly influenced the health expenditures across the regions. Moreover, the CO2 emission, personal remittances, urbanization, unemployment, and crude birth rate have a twin impact on well-being spending. Whereas trade openness and gross domestic product have an important and adverse impact on health expenditure, literacy, life expectancy at birth, and population age 65 and above have a significant positive impact on health expenditure.