Author:
Jagrič Timotej,Brown Christine,Fister Dušan,Darlington Oliver,Ashton Kathryn,Dyakova Mariana,Bellis Mark A.,Jagrič Vita
Abstract
Population health and wellbeing is both a result, as well as a driver, of economic development and prosperity on global, European, national and sub-national (local) levels. Wales, one of the four United Kingdom (UK) nations, has shown a long-term commitment to sustainable development and achieving prosperity for all, providing a good example of both national and sub-national level, which can be useful for other European countries and regions. In this paper, the economic importance of the healthcare sector to the Welsh economy is explored. We use a large number of data sources for the UK and Welsh economy to derive an economic model for 2017. We estimate output, income, employment, value-added, and import multipliers of the healthcare sector. Results suggest that the healthcare sector has an above average contribution in four explored economic aspects of the Welsh economy (output, income, employment, value-added), according to its impact on the surrounding economic ecosystem. Also, it is below average regarding leaking through imports. The multipliers' values offer empirical evidence when deciding on alternative policy actions. Such actions can be used as a stimulus for encouraging regional development and post-COVID economic recovery. Our study refers to the Welsh healthcare sector's economic impact as a whole. Therefore, we suggest investigating the economic impact of individual healthcare providers in the future.
Funder
World Health Organization
Public Health Wales
Subject
Public Health, Environmental and Occupational Health
Reference39 articles.
1. DyakovaM
CouzensL
AllenJ
Van EmerenM
StielkeA
Cotter-RobertsA
Placing Health Equity at the Heart of the COVID-19 Sustainable Response Recovery: Building Prosperous Lives for All in Wales.2021
2. Fiscal policy dilemmas and health spending in South Africa;Hilsenrath;J Health Hum Serv Adm.,1999
3. Public spending on health care in Africa: do the poor benefit?;Castro-Leal;Bull World Health Org.,2000
4. Input–output analysis on the economic impact of medical care in Japan;Yamada;Environ Health Prev Med.,2015
Cited by
2 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献