Health care expenditure and GDP: An international panel smooth transition approach Report as inadecuate




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Abstract

In this paper, we investigate the potential threshold effects in the relationship between national expenditures on health care and national income. Using a panel threshold regression model, we derive country-specific and time-specific income elasticities for 17 OECD countries over the period 1975–2003. In contrast to many previous analyses, our empirical results show that health care is a necessity rather than a luxury. Further, the relationship between health expenditure and income seems rather nonlinear, changing over time and across countries.



Item Type: MPRA Paper -

Original Title: Health care expenditure and GDP: An international panel smooth transition approach-

Language: English-

Keywords: Health expenditure; Income elasticity; Panel smooth threshold regression models-

Subjects: I - Health, Education, and Welfare > I1 - Health-





Author: Chakroun, Mohamed

Source: https://mpra.ub.uni-muenchen.de/17559/







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