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Article

Effects of the COVID-19 Pandemic on the Budgetary Mechanism Established to Cover Public Health Expenditure. A Case Study of Romania

1
Faculty of Economics and Business Administration, Alexandru Ioan Cuza University, 22 Carol I, 700505 Iasi, Romania
2
Faculty of Law and Administrative Sciences, Ștefan cel Mare University, Universitatii 13, 720229 Suceava, Romania
*
Author to whom correspondence should be addressed.
Academic Editors: Michael McAleer, Chia-Lin Chang, Daniel J. Slottje and Teodosio Pérez Amaral
Int. J. Environ. Res. Public Health 2021, 18(3), 1134; https://0-doi-org.brum.beds.ac.uk/10.3390/ijerph18031134
Received: 29 December 2020 / Revised: 21 January 2021 / Accepted: 24 January 2021 / Published: 28 January 2021
The COVID-19 pandemic stressed the importance of understanding the sources of vulnerabilities that can lead to a financial crisis and highlighted the predominant impact on health systems. Firstly, the paper aims to conduct a retrospective analysis of the Romanian health care system, over the period of time 1985–2019, based on our own computed sustainability index for public health. Secondly, using the Gregory-Hansen cointegration method, we provide new evidence on the causal relationship between health expenditure and GDP for Romania over the period of time 1985–2017. Based on the retrospective analysis of the long-run co-movement between health spending and GDP, the study allows one to prospectively examine not only the effects of the COVID-19 pandemic on health care spending, but also to reveal the government’s fiscal position and vulnerabilities. Our results highlight the intergenerational costs related to the policy incoherence roadmap and regulatory fragmentation, stressing the importance of economic system resilience through fiscal diligence and the consolidation of the institutional context. View Full-Text
Keywords: COVID-19 pandemic; health expenditure; budgetary space; economic resilience; social distancing measures COVID-19 pandemic; health expenditure; budgetary space; economic resilience; social distancing measures
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MDPI and ACS Style

Onofrei, M.; Cigu, E.; Gavriluta, A.-F.; Bostan, I.; Oprea, F. Effects of the COVID-19 Pandemic on the Budgetary Mechanism Established to Cover Public Health Expenditure. A Case Study of Romania. Int. J. Environ. Res. Public Health 2021, 18, 1134. https://0-doi-org.brum.beds.ac.uk/10.3390/ijerph18031134

AMA Style

Onofrei M, Cigu E, Gavriluta A-F, Bostan I, Oprea F. Effects of the COVID-19 Pandemic on the Budgetary Mechanism Established to Cover Public Health Expenditure. A Case Study of Romania. International Journal of Environmental Research and Public Health. 2021; 18(3):1134. https://0-doi-org.brum.beds.ac.uk/10.3390/ijerph18031134

Chicago/Turabian Style

Onofrei, Mihaela, Elena Cigu, Anca-Florentina Gavriluta, Ionel Bostan, and Florin Oprea. 2021. "Effects of the COVID-19 Pandemic on the Budgetary Mechanism Established to Cover Public Health Expenditure. A Case Study of Romania" International Journal of Environmental Research and Public Health 18, no. 3: 1134. https://0-doi-org.brum.beds.ac.uk/10.3390/ijerph18031134

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