Year: 2026
Type: article
Abstract: This study examines the dynamic impact of Economic Policy Uncertainty (EPU) on China's healthcare fiscal expenditures, focusing on the rational allocation of public funds under macroeconomic fluctuations. The study utilize the SV-TVP-FAVAR model to analyze quarterly national data (2007-2025) and inter-provincial data (2009-2019), overcoming traditional static model limitations. EPU shocks exhibit significant time-variability: a negative "squeezing" effect during the 2008 financial crisis but a counter-cyclical expansionary effect during the 2020 COVID-19 pandemic. Regional fiscal strength moderates these impacts. Findings suggest that fiscally robust regions show resiliency through counter-cyclical spending, whereas fiscally fragile areas exhibit pro-cyclical tightening. Policy recommendations focus on long-term healthcare investment mechanisms and optimized transfer payments.
Source: Frontiers in Public Health
Authors: Yuan Sui, Lantong Zhang, Shuyu Han, Qianrui Yun
Institutions: Jilin University of Finance and Economics, Jilin University
Language: English
Topic: Global Health Care Issues
Subfield: General Health Professions
Field: Health Professions
Domain: Health Sciences
Open Access status: gold
Estimated APC paid: $3,801
OpenAlex ID: W7155065726