Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/64448 
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dc.contributor.authorPolchlopek, Justinen
dc.date.accessioned2011-04-14-
dc.date.accessioned2012-09-28T12:39:05Z-
dc.date.available2012-09-28T12:39:05Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/64448-
dc.description.abstractThe 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.en
dc.language.isoengen
dc.publisher|aThe University of Utah, Department of Economics |cSalt Lake City, UTen
dc.relation.ispartofseries|aWorking Paper |x2011-10en
dc.subject.jelB51en
dc.subject.jelC67en
dc.subject.jelD24en
dc.subject.jelD57en
dc.subject.jelI11en
dc.subject.jelI12en
dc.subject.jelO33en
dc.subject.ddc330en
dc.subject.keywordHealth Economicsen
dc.subject.keywordHealth Care Productionen
dc.subject.keywordNational Health Expendituresen
dc.subject.keywordSraffian Economicsen
dc.subject.keywordTotal Factor Productivityen
dc.subject.keywordInput-Output Economicsen
dc.subject.keywordTechnological Diffusion Processesen
dc.titleMedical expenditure growth and the diffusion of medical technology-
dc.typeWorking Paperen
dc.identifier.ppn656421266en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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