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Title
Measuring the relationship between income and NHEs (national health expenditures).
First Author
Moore, William J
Date of Pub
1992 Fall
Pages
133-139
Volume
14
Issue
1
Other Authors
Fheili, Mohammad; Newman, Robert J
Abstract
This article uses recently published time series data for the Organization for Economic Cooperation and Development countries to estimate income elasticities for health care expenditures. Several different models and alternative specifications are examined to determine the sensitivity and robustness of the estimated relationships. Income is the dominant-determinant of health care spending and longrun income elasticity for health care is significantly greater than unity. This implies that health care is a luxury good, and expenditures will tend to rise with the level of national income. There is little evidence that the degree of public finance reduces the level of health care expenditures.
Abstract Continued
N/A
MeSH
Data Collection : Europe : Health Expenditures/statistics & numerical data : Health Services Research : Income/statistics & numerical data : International Agencies/statistics & numerical data : Models, Econometric : Regression Analysis
NTIS Number
PB95-123279