Comunicação em evento científico
Health care expenditure and income in the European countries: evidence from panel data
Felipa Sampayo (de Mello-Sampayo, F.); Sofia Vale (Vale, S.);
Título Evento
International Conference of the ERCIM WG on COMPUTING & STATISTICS (ERCIM'10)
Ano (publicação definitiva)
2010
Língua
Inglês
País
Reino Unido
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Abstract/Resumo
The economic relationship between health care expenditure and income using a panel of european countries observed over the 1990s is considered. In particular, the non-stationarity and cointegration properties between health care spending and income is studied. This is performed in a panel data context controlling for both cross-section dependence and unobserved heterogeneity. Heterogeneity is handled through fixed effects in a panel model. The findings suggest that health care is a necessity rather than a luxury, with an elasticity much smaller than expected.
Agradecimentos/Acknowledgements
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