R. Railaitė “An assessment of public health investment impact to human capital in the context of population ageing” doctoral dissertation defence

Thesis Defense

Author, Institution: Rasa Railaitė, Kaunas University of Technology

Science area, field of science: Social Sciences, Economics, S004

Scientific Supervisor: Prof. Dr. Rūta Čiutienė (Kaunas University of Technology, Social sciences, Management S003, Economics S004).

Dissertation Defence Board of Economics Science Field:
Prof. Dr. Gražina Startienė (Kaunas University of Technology, Social sciences, Eonomics – S004) – chairwoman;
Dr. Łukasz Nazarko (Bialystok University of Technology, Social sciences, Economics – S004),
Prof. Dr. Vaida Pilinkienė (Kaunas University of Technology, Social sciences, Economics – S004),
Assoc. Prof. Dr. Ingrida Šarkiūnaitė (Vilnius University, Social sciences, Management – S003),
Prof. Dr. Dalia Štreimikienė (Lithuanian Energy Institute, Social sciences, Economics – S004).

The doctoral dissertation is available on the internet and at the library of Kaunas University of Technology (K. Donelaičio St. 20, 44239 Kaunas, Lithuania), Klaipėda University (K. Donelaičio a. 3, 92144 Klaipėda), Lithuanian Energy Institute (Breslaujos st. 3, 44403 Kaunas).

Annotation:

Different regions and countries have a different stock of human capital, so an important question becomes an identification of the reasons that leads to this difference. In many cases, it is agreed that health is a significant component in  the theory  of human capital, however it could be stated that it receives less attention compared with the education component.  There is a lack of research  where human capital would not be  analysed as an intermediate link explaining the impact of health investment on  the economic growth, but the impact of public investment in health to human capital would be analyzed. Thus, this dissertation seeks to assess the impact of public investment in health to the human capital in the context of an aging population.  An evaluation model has been developed to achieve this goal. The model includes public investment in health and other external factors that can affect human capital. Panel data covering 28 EU countries and an 18-year period were used to assess this impact.   After evaluating the methodological problems of human capital assessment, it is proposed to assess the impact of public investment in health using 4 indicators. The performed analysis showed  that different values of the impact factor are identified when different indicators expressing human capital are used.  Also, it was found that the impact of public health investment to human capital varies across groups of countries with different levels of population aging.

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