With much healthcare publicly funded, Hong Kong's rapidly aging population will significant raise fiscal pressure over coming decades. We ask what the implications are of meeting these costs by public funding, or private funding voluntarily or through mandates. Our simulations suggest that...

This paper describes how economic behavior in the market for health care in the United States is influenced by a range of impediments to the functioning of the price mechanism which impart an upward bias to health care costs and imply efficiency losses. The paper also considers how to reform the...

This paper reviews developments in the Australian economy during 1994–95. In 1994/95, real GDP grew by 41⁄2 percent as growth in domestic demand accelerated sharply, rising by 63⁄4 percent, despite the impact of a severe drought on farm output. Business investment increased by 171⁄2...