This book presents quantitative research on various aspects of health care reform and health policy in Asia-Pacific countries such as China, Indonesia, Japan, South Korea, Taiwan, and the US – nations diverse in their economic development, social demographic structure and health care expenditures.

This paper proposes a nonlinear error-correction model based upon smooth transition regression methodology. The model is specified such that the short-run adjustment toward long-run equilibrium is nonlinear and that the error correction is a smooth function of long-run deviation. Empirical...

This paper separates the validity of the specification of the fundamental stock price model from the implications of bubbles. The time-varying risk premium model (Poterba and Summers, 1986) is used to explicitly derive the misspecification component. We construct a state-space model and use...