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Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.5/4851

Title: Financing health care expenditure in the OECD countries : evidence from a heterogeneous, cross-sectionally dependent panel
Authors: Mello-Sampayo, Felipa de
Vale, Sofia de Sousa
Keywords: Health expenditure
Drivers of health expenditure
Panel unit root tests
Panel cointegration
cross section dependence model
Issue Date: 2012
Publisher: ISEG - Departamento de Economia
Citation: Mello-Sampayo, Felipa de, Sofia de Sousa Vale. 2012. "Financing health care expenditure in the OECD countries : evidence from a heterogeneous, cross-sectionally dependent panel". Instituto Superior de Economia e Gestão - DE working papers nº34-2012/DE
Series/Report no.: DE working papers;nº34-2012/DE
Abstract: This paper analyses the relationship between health expenditure and the way it is financed using a panel of 30 OECD countries observed since the 1990s. In particular, 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 highly inelastic, with an income elasticity much smaller than expected, controlling for dependency rates for old and young age structure and technological progress.
URI: http://hdl.handle.net/10400.5/4851
ISSN: 0874-4548
Publisher version: https://aquila.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=305646&contentContextPath_PATH=/departamentos/ec/lateral/menu-working-papers/nova-serie/2012&_request_checksum_=b7438c9eb532d5edef47219849189b2d137e72a0
Appears in Collections:DE - Documentos de trabalho / Working Papers

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