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Using a large set of private health insurance claims, we estimate how physicians’ financial incentives affect their … treatment choices in heart attack management. Different insurance plans pay physicians different amounts for the same services … physicians more for more invasive treatments are associated with a larger fraction of such treatments. To interpret this …
Persistent link: https://www.econbiz.de/10011757760
This study provides new evidence on the relationship between finance and economic growth using an innovative dynamic panel threshold technique. The sample consists of 87 developed and developing countries. The empirical results indicate that there is a threshold effect in the finance-growth...
Persistent link: https://www.econbiz.de/10010195667
This study first provides an outline of Kaldor's growth model and then tests its relevance to the economic experience of Turkey during the period 1963-2005 by using cointegration and causality tests. Kaldor's first law states that manufacturing is the engine of economic growth, whereas the...
Persistent link: https://www.econbiz.de/10003618427
We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary to the received wisdom, we show that human capital accumulation is not necessarily growth-inducing and inequality-reducing. Expansive education policies may foster growth and...
Persistent link: https://www.econbiz.de/10011596523
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This paper estimates a demand-led model of macroeconomic growth and fluctuations in which the growth rate of the economy's supply side converges to the growth rate of demand. Convergence happens because labor supply and productivity growth respond to the degree of slack in the economy. Faster...
Persistent link: https://www.econbiz.de/10014327475
This study analyzes the extent to which nutritional status in terms of weight change has been affected by the income distribution as the economy has grown. Is BMI growth different at different tails of the income distribution? Health and nutritional outcomes are not normally expected to be...
Persistent link: https://www.econbiz.de/10011441503
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