An International Comparison of Health Care Expenditure Determinants

Catherine Bac and Yannick Le Pen ()
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Catherine Bac: DREES, Ministère de l'Emploi et de la Solidarité

No C5-1, 10th International Conference on Panel Data, Berlin, July 5-6, 2002 from International Conferences on Panel Data

Abstract: In this paper, we estimate a health care demand function for 18 OECD countries for the period 1972-1995. We consider a demand side approach where health expenditure depend on per capita GDP and the relative price of health care. We use panel data unit root and stationarity tests to characterize our data. Then, we test cointegration between our variables with Kao[16] panel data cointegration tests. As we accept cointegration, we compare different estimators (OLS, FMOLS, DOLS). Results give conflicting evidence for the value of health expenditure income elasticity. The least biased estimator gives a value that exceeds unity.

Keywords: Cointegration; Health Expenditure; OECD; Panel test (search for similar items in EconPapers)
JEL-codes: C12 C22 C23 I10 (search for similar items in EconPapers)
Date: 2002-03
New Economics Papers: this item is included in nep-hea
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:cpd:pd2002:c5-1

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