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Around the world, governments are faced with spiralling health care expenditures. This raises the need for further insight in the determinants of these expenditures. Existing literature focuses primarily on income, ageing, health care financing and supply variables. This paper includes medical...
Persistent link: https://www.econbiz.de/10011208906
Health care expenditure studies of the Organization for Economic Cooperation and Development (OECD) countries remain important because their findings often suggest cost containment and other policy initiatives. This paper focuses on the compatibility of OECD health data with the “expenditure...
Persistent link: https://www.econbiz.de/10005680720
In his 2008 Journal of Health Economics paper, Jochen Hartwig claimed that Baumol’s Cost Disease (BCD) theory could explain observed increases in health care expenditures in OECD countries. This paper replicates Hartwig’s results and demonstrates that he tested the wrong hypothesis. When one...
Persistent link: https://www.econbiz.de/10012183131
health expenditures among OECD countries converge. Nevertheless, there is evidence of convergence among three sub-groups of …
Persistent link: https://www.econbiz.de/10012010737
Convergence in other words, with the closing of the gap between rich and poor economies, the large number of possible … are richer and poor countries are poorer than convergence as a whole. All of these possibilities are related to the change … each other. Findings from the study show that OECD countries converge on the convergence of national income to the US …
Persistent link: https://www.econbiz.de/10011788819
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The extent of beta- and sigma-convergence of average labor productivity across manufacturing industries in 18 OECD … correlated with the extent of convergence. …
Persistent link: https://www.econbiz.de/10011302139