Financing health care expenditure in the OECD countries: Evidence from a heterogeneous, cross-sectional dependent panel
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 va...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Economists' Association of Vojvodina
2014-01-01
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| Series: | Panoeconomicus |
| Subjects: | |
| Online Access: | http://www.doiserbia.nb.rs/img/doi/1452-595X/2014/1452-595X1402207M.pdf |
| Summary: | 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. |
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| ISSN: | 1452-595X 2217-2386 |