Theoretical and Applied Economics
No. 1 / 2023 (634), Spring
Adjusting the 5C pentagon for better health policymaking: observing the leading behavioural risks factors (diet, smoking, and alcohol consumption)
National University of Political Studies and Public Administration, Bucharest, Romania
Cristina Elena NICOLESCU
National University of Political Studies and Public Administration, Bucharest, Romania
Abstract. Smoking, alcohol consumption, and dietary risks pertain to the goods that can destabilise the market should their production trigger too many negative externalities and not enough research to counterbalance them. Moreover, all three are among the factors that, connected to ever-present risky behaviours, drive the most death and disability combined (the other two risk factors being the metabolic ones and the environmental/occupational risks). Therefore, they are to be considered as relevant to both the perceived health of the population and analysed in relation to the data on smokers, alcohol consumers, and poor diet impact.
However, the design of these health policies must be adapted to the pattern of national culture of Romania, increasing the degree of their acceptance by the population. This is particularly true when less-damage alternatives are present in the market. Policymakers should incentivize their use over more-damaging products. In fact, the existence of better alternatives deepens the market failure that a sub-optimal allocation of resources produces when consumers opt for more damaging products over better goods. Clearly, the objective of policymakers ought to be to differentiate based on the risk profile of the products present on the market.
Contents
Obstacles to innovation and policy implications: exploring the case of Romanian firms
Adjusting the 5C pentagon for better health policymaking: observing the leading behavioural risks factors (diet, smoking, and alcohol consumption)
Incentivizing CEOs via pay and forced turnover: Do tenure and managerial ability matter?
Forecasting the Romanian inflation rate: An Autoregressive Integrated Moving-Average (ARIMA) approach
The effects of geopolitical risks on tourism revenues of the Middle East and Asian countries
The potential of macroeconomic forces and ICT in affecting the sectorial growth: ARDL approach in the context of East Asian countries
Validity of asset pricing models in Istanbul Stock Exchange (ISE) information technology index
Dynamic relationship between external debt and unemployment in Sub-Saharan Africa
An analysis of factors influencing empowerment of rural women through Deendayal Antyodaya Yojana – National Rural Livelihood Mission (SGSY)
The impact of Covid-19 payment moratoria on the Romanian banking system
Uncertainty and monetary policy during the Covid-19 pandemic in Tunisia: Evidence from a Bayesian VAR
Research on the evolution of migration in Romania after the fall of the communist regime
Black Sea and East Mediterranean approach on sustainable development
An economic analysis of trade war and deglobalization in current international relations within the paradigm of globalization
Financial difficulties and economic recession: Evidence from Canadian seniors
Inflation targeting and exchange rate pass-through in India: Lessons from international experience
The circular economics of constructions
Market mood index and stock market. Evidence from National Stock Exchange
Analysis of the effects of social and fiscal policy on incomes during the COVID-19 pandemic in Romania