Resources of Educational and Healthcare Industries and Population Welfare: Comparative Analysis in Post-socialist and OECD Countries
No Thumbnail Available
Date
2021
Journal Title
Journal ISSN
Volume Title
Publisher
WSEAS
Abstract
This article is devoted to defining Ukraine’s position among 28 OECD countries relative to
the averaged line of connection between resources of the social sphere and the society achievements
in terms of human development index. Such positioning allows us to obtain a comparative assessment
of the effectiveness of usage resource, directed to funding the education and healthcare by OECD
countries and Ukraine. The model that expresses the HDI dependence on three main groups of factors
was used. First – the amount of education and healthcare resources (evaluated by private and public
spending on education and healthcare per capita). The second – is the way of rationing the
population's access to these industries products (evaluated by coefficients of inequality of life
expectancy and inequality in education). The third – is the indicators, displaying the efficiency of
resources using within the industry (estimated as a result of modeling). Our results have confirmed
that the resources, allocated to the public sector of education have the most significant impact on HDI
size and this indicator is more dependent on the amount of social sphere resources in post-socialist
countries than in "old" OECD members. The actual level of HDI in Ukraine is lower than estimated
by model-averaged for countries, included in the sample. This means that Ukraine uses resources of
its social sphere with lower efficiency than observed as average for countries, included in the sample. Such results allow us to obtain assessment which part of restrictions and problem experienced by
national social spheres is caused by the scarcity of resources, divided to social sphere funding, and
which – by imperfections, inherent to the regulative institutions of the social sphere. Such results may
serve as a significant precondition of social policy development, especially for post-soviet countries.
Description
Keywords
resource endowment, social sphere, HDI factors, social efficiency
Citation
Resources of Educational and Healthcare Industries and Population Welfare: Comparative Analysis in Post-socialist and OECD Countries / Lyudmyila Synyayeva, Denys Verba, Angelina Yarchuk // WSEAS TRANSACTIONS on BUSINESS and ECONOMICS. – 2021. – Vol. 18, Special Iss.: Management of Innovative Factors of Economic Growth. – P. 531–542.