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Revolutionizing healthcare: Unveiling China's healthcare efficiency quest and path to progress

Author

Listed:
  • Li, Hongbo
  • He, Xinyi
  • Tan, Can
  • Zhang, Yaoyang
  • Yang, Dajun
  • Li, Yuan

Abstract

Social healthcare expenditure is a crucial component of global healthcare expenditure. Unlike government investment, the efficiency of social-level investment encounters more problems and challenges. Using China as an example, this study examines the efficiency of both social and governmental healthcare investments, revealing the primary challenges facing social healthcare expenditure. The findings indicate that despite significant investment growth, inefficiencies persist due to resource duplication and misallocation. Additionally, declining technological progress has resulted in lower productivity, underscoring the urgent need for innovation. This study emphasizes the necessity of accelerating technological advancements to enhance the efficiency of social healthcare investments, improve resource utilization, and ensure the equitable distribution of healthcare resources nationwide.

Suggested Citation

  • Li, Hongbo & He, Xinyi & Tan, Can & Zhang, Yaoyang & Yang, Dajun & Li, Yuan, 2024. "Revolutionizing healthcare: Unveiling China's healthcare efficiency quest and path to progress," Finance Research Letters, Elsevier, vol. 67(PA).
    • Handle: RePEc:eee:finlet:v:67:y:2024:i:pa:s1544612324007189
    DOI: 10.1016/j.frl.2024.105688
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    References listed on IDEAS

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    1. Hong, Jimin & Kim, Kyungsun & Seog, S. Hun, 2024. "Private efforts, public test policy and insurance against pandemic health risks," Pacific-Basin Finance Journal, Elsevier, vol. 85(C).
    2. Selvete Shuleta QEHAJA & Driton QEHAJA & Arber HOTI & Erolinda Marovci, 2023. "The relationship between government health expenditure and economic growth: Evidence from western Balkan countries," International Journal of Applied Economics, Finance and Accounting, Online Academic Press, vol. 15(1), pages 10-20.
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