Blazquez-Fernandez, Carla; Cantarero, David; Perez, Patricio - In: Applied Economics 46 (2014) 16, pp. 1839-1854
In this article, we empirically study the impact of per capita income on health-care expenditure and its dynamics over time in a sample of 14 OECD countries for the period 1971 to 2009. A simple model, built upon one developed by Newhouse (1977), suggests that health care is a necessity in the...