Financing health care expenditure in the OECD countries : evidence from a heterogeneous, cross-sectionally dependent panel

Detalhes bibliográficos
Autor(a) principal: Mello-Sampayo, Felipa de
Data de Publicação: 2012
Outros Autores: Vale, Sofia de Sousa
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/4851
Resumo: 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.
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spelling Financing health care expenditure in the OECD countries : evidence from a heterogeneous, cross-sectionally dependent panelHealth ExpenditureDrivers of Health ExpenditurePanel Unit Root TestsPanel CointegrationCross Section Dependence ModelThis 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.ISEG - Departamento de EconomiaRepositório da Universidade de LisboaMello-Sampayo, Felipa deVale, Sofia de Sousa2012-11-16T11:56:02Z20122012-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/4851engMello-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 nº 34-2012/DE0874-4548info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:35:49Zoai:www.repository.utl.pt:10400.5/4851Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T16:52:27.711701Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Financing health care expenditure in the OECD countries : evidence from a heterogeneous, cross-sectionally dependent panel
title Financing health care expenditure in the OECD countries : evidence from a heterogeneous, cross-sectionally dependent panel
spellingShingle Financing health care expenditure in the OECD countries : evidence from a heterogeneous, cross-sectionally dependent panel
Mello-Sampayo, Felipa de
Health Expenditure
Drivers of Health Expenditure
Panel Unit Root Tests
Panel Cointegration
Cross Section Dependence Model
title_short Financing health care expenditure in the OECD countries : evidence from a heterogeneous, cross-sectionally dependent panel
title_full Financing health care expenditure in the OECD countries : evidence from a heterogeneous, cross-sectionally dependent panel
title_fullStr Financing health care expenditure in the OECD countries : evidence from a heterogeneous, cross-sectionally dependent panel
title_full_unstemmed Financing health care expenditure in the OECD countries : evidence from a heterogeneous, cross-sectionally dependent panel
title_sort Financing health care expenditure in the OECD countries : evidence from a heterogeneous, cross-sectionally dependent panel
author Mello-Sampayo, Felipa de
author_facet Mello-Sampayo, Felipa de
Vale, Sofia de Sousa
author_role author
author2 Vale, Sofia de Sousa
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Mello-Sampayo, Felipa de
Vale, Sofia de Sousa
dc.subject.por.fl_str_mv Health Expenditure
Drivers of Health Expenditure
Panel Unit Root Tests
Panel Cointegration
Cross Section Dependence Model
topic Health Expenditure
Drivers of Health Expenditure
Panel Unit Root Tests
Panel Cointegration
Cross Section Dependence Model
description 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.
publishDate 2012
dc.date.none.fl_str_mv 2012-11-16T11:56:02Z
2012
2012-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/4851
url http://hdl.handle.net/10400.5/4851
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 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 nº 34-2012/DE
0874-4548
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv ISEG - Departamento de Economia
publisher.none.fl_str_mv ISEG - Departamento de Economia
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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