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No. 3 / 2026 — Autumn

Peer-reviewed articles in economics, finance, public policy, and sustainable development.

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Theoretical and Applied Economics
No. 1 / 2022 (630), Spring

Institutional quality and public healthcare

Kashish TIBREWAL
St. Xavier’s College (Autonomous), Kolkata, India
Saswati CHAUDHURI
St. Xavier’s College (Autonomous), Kolkata, India

Abstract. This paper attempts to empirically identify the impact of institutional quality on the effectiveness of public healthcare mechanisms around the world. The percentage of out-of-pocket expenditure from total health expenditure is taken as a proxy – the higher this percentage, the more people seem to rely on private institutions, implying lower effectiveness of government facilities. Panel data regression analysis is undertaken for 173 countries over the period 2002-2018. Smaller datasets are used for analyzing the BRICS and South Asian economies. Results highlight the positive effect of institutional quality, and reaffirm the expected positive impact of government expenditure on healthcare quality.

Keywords: institutional quality, public healthcare, panel data regression analysis, medical institutions, government expenditure.

Contents

1

Economic resilience in Central and Eastern European countries

Elena-Mădălina ZAMFIR (AVRAM) · Georgiana BALABAN · Cosmin MARINESCU

2

Romania's economy on the threshold of recession

Constantin ANGHELACHE · Mădălina-Gabriela ANGHEL · Ștefan Virgil IACOB

3

Testing the Marshall-Lerner condition for Romania

Ecaterina TOMOIAGA · Monica Ioana POP SILAGHI

4

Empirical evidence to the nonmonotonic relationship between public health expenditure and economic growth

Swapnanil SENGUPTA

5

Institutional quality and public healthcare

Kashish TIBREWAL · Saswati CHAUDHURI

6

Consequences of the Covid-19 epidemic on hygiene purchase behavior

Elena Rusalca VELICU · Ovidiu Andrei Cristian BUZOIANU · Carol Cristina GOMBOS · Ana Maria BOLAHAN

7

Banking management in the prism liquidity – profitability interrelation

Valentin PAUNA · Amelia DIACONU · Svetlana PLATAGEA GOMBOS · Raluca Iuliana GEORGESCU

8

Long-term price and income elasticity of residential natural gas demand in Turkey

Halim TATLI

9

The impact of foreign direct investment on the economy of Bangladesh: A time-series analysis

Mohammad Abdullah Al FAISAL · Mohammed Saiful ISLAM

10

Does gravity work in the context of India and ASEAN bilateral trade? An application of the FGLS method

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11

The dynamics of India – ASEAN trade with special reference to manufactured exports and their technological composition

Nikhat KHALID · Saba ISMAIL

12

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13

Attention economy and higher-order beliefs in voters’ online attention searches

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14

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S. Shameem BANU · N.S. SHIBU