THE RELATIONSHIP BETWEEN INCOME AND HEALTH. COMPARATIVE STUDY ROMANIA VS. UKRAINEJournal: Oradea Journal of Business and Economics (Vol.1, No. 2)
Publication Date: 2016-09-30
Authors : Ramona Marinela Simu; Diana Claudia Per ica;
Page : 41-50
Keywords : life expectancy; GDP; individual income; wage;
The hereby work plans on analysing to what extent the life expectancy is subject to the influence by different markers, like: GDP, the percentage of GDP allocated for the health system, as well as the income level in Romania and Ukraine. We consider that a comparative analysis between the two countries is representative since, as it results from the data and the diagrams presented within the work, both the GDP evolution and the percentage allocated from GDP for the health system reveal a different evolution, ranging in both countries, unlike the life expectancy going through an ascending trend, slow for both cases. Partially considering the specialized literature in use, our attention was drawn towards the evolution of the income obtained by the people. More precisely, commencing from Keynes' Basic Psychological Law stipulating that along with the income growth the expenditure on health, education and training the human resource will increase, we have chosen to econometrically test these theories for Romania and Ukraine. Therefore, we would like to research, using a simple linear regression model, whether the income growth, which represents the independent variable, obtained by the people, has a significant contribution in life expectancy (the dependent variable) increase in Romania, as well as in Ukraine.
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