Ho, Chun-Yu; Li, Xin; Zhou, Weimin - In: The Economics of Transition 22 (2014) 4, pp. 739-758
type="main" xml:id="ecot12051-abs-0001" <title type="main">Abstract</title> <p>Baumol's model of unbalanced growth implies that health care expenditure (HCE) is driven by wage increases in excess of productivity growth. However, it remains unclear whether the HCE in developing countries is affected by the same factor. This...</p>