Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/36776 
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dc.contributor.authorBaltagi, Badi H.en
dc.contributor.authorMoscone, Francescoen
dc.date.accessioned2010-03-30-
dc.date.accessioned2010-07-23T09:31:49Z-
dc.date.available2010-07-23T09:31:49Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/36776-
dc.description.abstractThis 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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x4851en
dc.subject.jelC31en
dc.subject.jelC33en
dc.subject.jelH51en
dc.subject.ddc330en
dc.subject.keywordHealth expenditureen
dc.subject.keywordincome elasticityen
dc.subject.keywordcross section dependenceen
dc.subject.keywordheterogeneous panelsen
dc.subject.keywordfactor modelsen
dc.subject.stwGesundheitsvorsorgeen
dc.subject.stwGesundheitskostenen
dc.subject.stwEinkommenen
dc.subject.stwPanelen
dc.subject.stwOECD-Staatenen
dc.titleHealth care expenditure and income in the OECD reconsidered: Evidence from panel data-
dc.type|aWorking Paperen
dc.identifier.ppn622793519en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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