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Publication Detailed Description
Financing health care expenditure in the OECD countries: evidence from a heterogeneous, cross-sectional dependent panel
Journal Title
Panoeconomicus
Year (definitive publication)
2014
Language
English
Country
Serbia
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Abstract
This paper analyses the relationship between health expenditure and the way it is financed in a panel of 30 OECD countries observed annually from 1990 to 2009. The nonstationarity and cointegration properties between health care spending and its sources of funding, income, and non-income variables are studied. This is performed in a panel data context controlling for both cross section dependence and unobserved heterogeneity. The findings suggest that when health care expenditure is mainly financed by government it becomes independent of an individual's income, controlling for dependency rates for old and young age structure and technological progress.
Acknowledgements
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Keywords
Health expenditure,Drivers of health expenditure,Panel unit root tests,Panel cointegration,Cross section dependence model
Fields of Science and Technology Classification
- Economics and Business - Social Sciences
Funding Records
| Funding Reference | Funding Entity |
|---|---|
| PEst-OE/EGE/UI0315/2014 | Fundação para a Ciência e a Tecnologia |
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This publication is an output of the following project(s):
