ArticleGlobalization and health2020
Real GDP growth rates and healthcare spending - comparison between the G7 and the EM7 countries.
Article in Globalization and health, 2020. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 71 papers, 2 of them syntheses that pooled it.
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Who cites it
71 citing papers in PubMed, 2 syntheses or guidelines pooled it.
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- Impact of long-term care insurance on health inequality in older adults in China based on the concentration index approach.International health · 2024Article
- The Correlation between Economic Convergence and Health Indices in Developed Countries.Iranian journal of public health · 2024Article
- Spatial distribution and influencing factors of CDC health resources in China: a study based on panel data from 2016-2021.Frontiers in public health · 2024Article
- Health-led growth hypothesis and health financing systems: an econometric synthesis for OECD countries.Frontiers in public health · 2024Article
- Public support for food policies in Mexican adults: Findings from the International Food Policy Study, 2017-2021.Preventive medicine · 2023Article
- Double burden of vulnerability for refugees: conceptualization and policy solutions for financial protection in Iran using systems thinking approach.Health research policy and systems · 2023Article
- Successes and challenges of China's health care reform: a four-decade perspective spanning 1985-2023.Cost effectiveness and resource allocation : C/E · 2023Review
- Risk, lifestyle and non-communicable diseases of poverty.Globalization and health · 2023Article
11 more citing papers are in PubMed but not listed here.
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Authors and funding
7 authors.
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No grant is acknowledged in the PubMed record.
Abstract
backgroundAccelerated globalisation has substantially contributed to the rise of emerging markets worldwide. The G7 and Emerging Markets Seven (EM7) behaved in significantly different macroeconomic ways before, during, and after the 2008 Global Crisis. Average real GDP growth rates remained substantially higher among the EM7, while unemployment rates changed their patterns after the crisis. Since 2017, however, approximately one half of the worldwide economic growth is attributable to the EM7, and only a quarter to the G7. This paper aims to analyse the association between the health spending and real GDP growth in the G7 and the EM7 countries.
resultsIn terms of GDP growth, the EM7 exhibited a higher degree of resilience during the 2008 crisis, compared to the G7. Unemployment in the G7 nations was rising significantly, compared to pre-recession levels, but, in the EM7, it remained traditionally high. In the G7, the austerity (measured as a percentage of GDP) significantly decreased the public health expenditure, even more so than in the EM7. Out-of-pocket health expenditure grew at a far more concerning pace in the EM7 compared to the G7 during the crisis, exposing the vulnerability of households living close to the poverty line. Regression analysis demonstrated that, in the G7, real GDP growth had a positive impact on out-of-pocket expenditure, measured as a percentage of current health expenditure, expressed as a percentage of GDP (CHE). In the EM7, it negatively affected CHE, CHE per capita, and out-of-pocket expenditure per capita.
conclusionThe EM7 countries demonstrated stronger endurance, withstanding the consequences of the crisis as compared to the G7 economies. Evidence of this was most visible in real growth and unemployment rates, before, during and after the crisis. It influenced health spending patterns in both groups, although they tended to diverge instead of converge in several important areas.
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Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.