Please use this identifier to cite or link to this item: doi:10.22028/D291-32123
Title: Investments and capital stocks as estimations for health infrastructure in the European countries (EU28)
Author(s): Koch, Michael
Editor(s): Emrich, Eike
Pierdzioch, Christian
Klein, Markus
Language: English
Pages: 44
Year of Publication: 2018
Place of publication: Saarbrücken
SWD key words: Grundkapital
Europäische Union
Free key words: Perpetual-Inventory-Method
investment time series
health infrastructure
DDC notations: 300 Social sciences, sociology, anthropology
330 Economics
610 Medicine and health
Publikation type: Research Paper
Abstract: Health is, beside of other services and commodities, e.g. education or social housing, a merit, quasi-public good. Since private provision of health services would presumptively not be sufficient in quality and quantity, one could argue there is a responsibility by the state to provide a sufficient amount of health services to its population. However, it is difficult to quantify the sufficient amount with public goods, in general. One required component of the healthcare provision is infrastructure, such as hospitals, operation theaters etc. and its related equipment, such as beds, imaging devices etc. To estimate the existing infrastructure in the European countries, without an on-the-ground evaluation, we use investment time series for tangible and intangible assets (Gross Fixed Capital Formation) reported to Eurostat and compute Capital Stock for each country, using the Perpetual Inventory Method (PIM) considering country specific depreciation rates and growth rates for each included asset. Based on the last computed capital stock in 2016 as benchmark, we evaluate the effect of the global financial crises in 2008. Furthermore, we run two future scenarios for EU28 in total and each country: (I) how much annual investment is needed, such that the capital stocks keep pace with annual GDP growth rates and (II) how much annual investment is needed, such that the 2016 capital stock per capita can be maintained in the future.
Link to this record: urn:nbn:de:bsz:291--ds-321239
hdl:20.500.11880/29744
http://dx.doi.org/10.22028/D291-32123
Series name: Diskussionspapiere des Europäischen Instituts für Sozioökonomie e.V. = Working papers of the European Institute for Socioeconomics
Series volume: 25
Date of registration: 28-Sep-2020
Faculty: HW - Fakultät für Empirische Humanwissenschaften und Wirtschaftswissenschaft
Department: HW - Sportwissenschaft
Professorship: HW - Univ.-Prof. Dr. Eike Emrich
Collections:SciDok - Der Wissenschaftsserver der Universität des Saarlandes

Files for this record:
File Description SizeFormat 
EIS_Workingpaper_25_2018.pdf1,36 MBAdobe PDFView/Open


This item is licensed under a Creative Commons License Creative Commons