Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/100128
Authors: 
Contreras, Juan
Patel, Elena
Tristao, Ignez
Year of Publication: 
2013
Series/Report no.: 
Working Papers, Banco de México 2013-13
Abstract: 
We analyze the contribution of production factors to revenue growth in almost the complete universe of U.S. hospitals, accounting for quality and productivity. Production factors (capital, labor, energy, materials and drugs) contributed 70% (drugs alone contributed 52 %), better health outcomes (higher quality) contributed 5 %, and better use of resources (productivity) contributed 25 %. We find increasing returns to scale, a markup of between 15% and 36% and a much larger productivity dispersion in the hospital sector than the one found in manufacturing, with gains coming mainly from within-hospital productivity growth and almost zero coming from net entry.
Subjects: 
Health care cost growth
Health care productivity
Health production
JEL: 
D24
I12
E22
Document Type: 
Working Paper
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