Health Care – Is Investment in Human Capital. Falling behind that of Developed Countries? Cover Image

Egészség: befektetés a humán tőkébe - Leszakadás a fejlett országoktól?
Health Care – Is Investment in Human Capital. Falling behind that of Developed Countries?

Author(s): Éva Orosz, Gergő Merész, Balázs Nagy
Subject(s): Education, Health and medicine and law, Economic development, Human Resources in Economy
Published by: Akadémiai Kiadó
Keywords: human capital; health; economic development; health expenditure to GDP; structural reforms;

Summary/Abstract: Education and health care are both essential ingredients of human capital investment and strongly influence long-term economic prosperity. This paper discusses in detail the departure of Hungarian human capital investment trends from what is occurring in developed countries, for example, in terms of G.D.P. expenditure per capita and also relative wage levels. The opportunistic behaviour of public policy of recent times is one underlying cause for the fall-back, which was indeed something observable before the political transition period. In contrast to international trends, a shift in attitude has not been achieved, even from the beginning of the new millennium; and with a lowering of investment in education and health care, a threat of falling behind economically is growing. Education and health care affect each other – and any neglect of them will have a mutually aggravating effect. There is a need for sound structural reforms, better incentives for participants and more appreciation – for without these things especially, finding enough support among sector employees and from society itself to initiate structural changes will be unlikely.

  • Issue Year: 22/2013
  • Issue No: 2
  • Page Range: 159-176
  • Page Count: 18
  • Language: Hungarian