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Relationship Between Government Expenditures on Health and Residents' Consumption: New Evidence From China Based on the Bootstrap Rolling-Window Causality Test

This paper explores the necessity of expanding government expenditures on health (GEH) from the perspective of promoting residents' consumption (RC). It employs bootstrap full- and subsample rolling-window Granger causality tests to investigate the mutual causal influence between GEH and RC. It...

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Detalles Bibliográficos
Autor principal: Jiang, Ting-Yu
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Frontiers Media S.A. 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8345323/
https://www.ncbi.nlm.nih.gov/pubmed/34368072
http://dx.doi.org/10.3389/fpubh.2021.710147
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author Jiang, Ting-Yu
author_facet Jiang, Ting-Yu
author_sort Jiang, Ting-Yu
collection PubMed
description This paper explores the necessity of expanding government expenditures on health (GEH) from the perspective of promoting residents' consumption (RC). It employs bootstrap full- and subsample rolling-window Granger causality tests to investigate the mutual causal influence between GEH and RC. It finds that GEH have a positive impact on RC in some periods and a negative impact in other periods. The positive effect from GEH to RC reveals that Chinese governments at all levels should continue to increase GEH, narrow the gap between their medical and health investments and those of developed countries', directly reduce current medical expenses of residents, and increase the immediate consumption of residents. However, this opinion cannot always be upheld because a negative impact from GEH to RC also exists. The current paper shows that the government should improve the efficiency of the use of health expenditures; effectively shorten the time lag of government health fiscal policies; and promote the positive effect of government health expenditures on RC.
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spelling pubmed-83453232021-08-07 Relationship Between Government Expenditures on Health and Residents' Consumption: New Evidence From China Based on the Bootstrap Rolling-Window Causality Test Jiang, Ting-Yu Front Public Health Public Health This paper explores the necessity of expanding government expenditures on health (GEH) from the perspective of promoting residents' consumption (RC). It employs bootstrap full- and subsample rolling-window Granger causality tests to investigate the mutual causal influence between GEH and RC. It finds that GEH have a positive impact on RC in some periods and a negative impact in other periods. The positive effect from GEH to RC reveals that Chinese governments at all levels should continue to increase GEH, narrow the gap between their medical and health investments and those of developed countries', directly reduce current medical expenses of residents, and increase the immediate consumption of residents. However, this opinion cannot always be upheld because a negative impact from GEH to RC also exists. The current paper shows that the government should improve the efficiency of the use of health expenditures; effectively shorten the time lag of government health fiscal policies; and promote the positive effect of government health expenditures on RC. Frontiers Media S.A. 2021-07-23 /pmc/articles/PMC8345323/ /pubmed/34368072 http://dx.doi.org/10.3389/fpubh.2021.710147 Text en Copyright © 2021 Jiang. https://creativecommons.org/licenses/by/4.0/This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
spellingShingle Public Health
Jiang, Ting-Yu
Relationship Between Government Expenditures on Health and Residents' Consumption: New Evidence From China Based on the Bootstrap Rolling-Window Causality Test
title Relationship Between Government Expenditures on Health and Residents' Consumption: New Evidence From China Based on the Bootstrap Rolling-Window Causality Test
title_full Relationship Between Government Expenditures on Health and Residents' Consumption: New Evidence From China Based on the Bootstrap Rolling-Window Causality Test
title_fullStr Relationship Between Government Expenditures on Health and Residents' Consumption: New Evidence From China Based on the Bootstrap Rolling-Window Causality Test
title_full_unstemmed Relationship Between Government Expenditures on Health and Residents' Consumption: New Evidence From China Based on the Bootstrap Rolling-Window Causality Test
title_short Relationship Between Government Expenditures on Health and Residents' Consumption: New Evidence From China Based on the Bootstrap Rolling-Window Causality Test
title_sort relationship between government expenditures on health and residents' consumption: new evidence from china based on the bootstrap rolling-window causality test
topic Public Health
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8345323/
https://www.ncbi.nlm.nih.gov/pubmed/34368072
http://dx.doi.org/10.3389/fpubh.2021.710147
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