Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/64448
Authors: 
Polchlopek, Justin
Year of Publication: 
2011
Series/Report no.: 
Working Paper, University of Utah, Department of Economics 2011-10
Abstract: 
The general consensus among health economists is that the increasing capability of medical providers-often called medical technology-is responsible for the majority of growth in medical expenditure. And yet, the principle means of understanding medical technology is through the use of total factor productivity, which, despite giving reasonable estimates of the magnitude of the effects, is not a theory of technology, leaving policymakers without effective tools for prediction. This paper develops a descriptive model of technology that may have interesting implications for health economics. The model suggests that the manner of diffusion of technology is critical, and when technology diffuses haphazardly, the effects on expenditure can be unexpectedly large.
Subjects: 
Health Economics
Health Care Production
National Health Expenditures
Sraffian Economics
Total Factor Productivity
Input-Output Economics
Technological Diffusion Processes
JEL: 
B51
C67
D24
D57
I11
I12
O33
Document Type: 
Working Paper

Files in This Item:
File
Size
366.63 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.