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http://hdl.handle.net/10419/36776
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Baltagi, Badi H. | | en_US |
| dc.contributor.author | | Moscone, Francesco | | en_US |
| dc.date.accessioned | | 2010-03-30 | | en_US |
| dc.date.accessioned | | 2010-07-23T09:31:49Z | | - |
| dc.date.available | | 2010-07-23T09:31:49Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/36776 | | - |
| dc.description.abstract | | This paper reconsiders the long-run economic relationship between health care expenditure and income using a panel of 20 OECD countries observed over the period 1971-2004. In particular, the paper studies the non-stationarity and cointegration properties between health care spending and income. This is done in a panel data context controlling for both cross-section dependence and unobserved heterogeneity. Cross-section dependence is modelled through a common factor model and through spatial dependence. Heterogeneity is handled through fixed effects in a panel homogeneous model and through a panel heterogeneous model. Our findings suggest that health care is a necessity rather than a luxury, with an elasticity much smaller than that estimated in previous studies. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | IZA Bonn | | en_US |
| dc.relation.ispartofseries | | Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 4851 | | en_US |
| dc.subject.jel | | C31 | | en_US |
| dc.subject.jel | | C33 | | en_US |
| dc.subject.jel | | H51 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Health expenditure | | en_US |
| dc.subject.keyword | | income elasticity | | en_US |
| dc.subject.keyword | | cross section dependence | | en_US |
| dc.subject.keyword | | heterogeneous panels | | en_US |
| dc.subject.keyword | | factor models | | en_US |
| dc.subject.stw | | Gesundheitsvorsorge | | en_US |
| dc.subject.stw | | Gesundheitskosten | | en_US |
| dc.subject.stw | | Einkommen | | en_US |
| dc.subject.stw | | Panel | | en_US |
| dc.subject.stw | | OECD-Staaten | | en_US |
| dc.title | | Health care expenditure and income in the OECD reconsidered: Evidence from panel data | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 622793519 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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