The effect of government spending on population’s health has received attention over the past decades. This study re-examines the link between government health expenditures and health outcomes to establish whether government intervention in the health sector improves outcomes. The study uses annual data for the period 1980–2014 on Ghana. The ordinary least squares (OLS) and the two-stage least squares (2SLS) estimators are employed for analyses; the regression estimates are then used to conduct cost-effectiveness analysis. The results show that, aside from income, public health expenditure contributed to the improvements in health outcomes in Ghana for the period. We find that, overall, increasing public health expenditure by 10% averts 0.102–4.4 infant and under-five deaths in every 1000 live births while increasing life expectancy at birth by 0.77–47 days in a year. For each health outcome indicator, the effect of income dominates that of public spending. The cost per childhood mortality averted ranged from US$0.20 to US$16, whereas the cost per extra life year gained ranged from US$7 to US$593.33 (2005 US$) during the period. Although the health effect of income outweighs that of public health spending, high (and rising) income inequality makes government intervention necessary. In this respect, development policy should consider raising health sector investment inter alia to improve health conditions.

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Abstract. This article aims to reveal the essence of the economic security of enterprise, the origin of this concept. This study is necessary due to the difference of interpretations of the economic security. By analyzing and systemizing results of scientific studies, there can be distinguished five main approaches to its definition. Main threats that affect enterprises are identified and presented. Uncertainty and changeability of external and internal environments, under which enterprises operate, makes the topic relevant. At the present time, economic security of enterprise is an important factor of improving its economic condition and ensuring its sustainable development.

The issue of whether government health spending improves health outcomes has been a matter of contention over the years. There have been calls for governments to reduce their financing role in the health sector since such funding do not produce better health. This article examines the effect of public (i.e., government) health expenditure on infant mortality, a proxy of health outcomes, in low- and middle-income countries. We use data from the World Bank’s World Development Indicators database and employ fixed effects estimation technique, with three-stage least squares as a robustness check. The data cover the period 1995–2014. We find that public health expenditure improves health outcomes significantly, as it reduces infant mortality. The results further show that rising income and access to safe water are some of the reasons for improved health outcomes in low- and middle-income countries. Based on these results and the expected redistributive impact of government spending, governments in low- and middle-income countries may consider increasing health spending for better healthcare systems and improved health.

Abstract:In present conditions of instability of the environment, entrepreneurs assume the most of the business risks. In this regard, problems of ensuring the economic security become particularly important. The comprehensive system of ensuring the economic security of enterprise was worked out and the results are presented in the article. This system is able to ensure enterprise efficient operation and sustainable development based on implemented set of measures. Four main phases of economic security are identified: planning; monitoring of external and internal environment; identification and implementation of measures to respond to threats; and the control and improvement of the system. Suggested recommendations of strengthening each functional component of economic security can be taken into account by the management of enterprise. Implementation of the proposed mechanism of ensuring the economic security of enterprise serves as a basis to achieve its strong economic performance and development of the economy as a whole.