Relationship between Health Expenditure and Tourism at the Macroeconomic Level
Abstract
This paper examines the potential relationship between health expenditure and tourism at the macroeconomic level to identify the need for further research. By analysing data over a time horizon from 2000 to 2019, focusing on four Central European countries (Slovenia, Croatia, Hungary and the Czech Republic), some significant correlations between health expenditure and tourism indicators at the country level are identified. The results indicate different correlations between health expenditure and tourism indicators, mostly positive, strong and moderate. This article therefore proposes further research that extends to longitudinal panel analysis using advanced econometric techniques to determine the nature of the relationship between health expenditure and tourism at the macroeconomic level.
Keywords: health expenditure, tourism, health, correlation
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Copyright (c) 2024 Helena Nemec Rudež, Lana Rudež, Lara Rudež
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