A Dynamic Heterogeneous Panel Model for Predicting Healthcare Expenditure in the Middle East Countries

Shailender Singh () and Muhammad Muazu Bala
Additional contact information
Shailender Singh: Symbiosis Centre for Management Studies (Symbiosis International Deemed University, Pune)
Muhammad Muazu Bala: SRM University-AP

A chapter in Fostering Recovery Through Metaverse Business Modelling, 2023, pp 113-122 from Springer

Abstract: Abstract This study presents some evidence to the literature concerning the long-run income elasticity of public and private health expenditure and its key determinants in the fifteen countries of the Middle East, for the period of 2005–2016. The findings are consistent with conventional findings of long-run income elasticity of public healthcare expenditure above unity. However, the exact opposite holds true for the elasticity coefficient of private health spending. Therefore, the elasticity estimates suggest that public health care is a luxury while private health care is a necessity in this context. The level of education drives up the growth rate of healthcare expenditure growth. However, though statistically insignificant, the level of real wage and population aging shows signs that are theoretically incongruent. The evidence on panel cointegration remains inconclusive. Therefore, expanding the coverage of chronic diseases services by the public sector is the primary policy implication of these findings. Other implications of the results are also drawn along with possible future research areas.

Keywords: Healthcare expenditure; Income elasticity; Dynamic heterogeneous panel; Middle East region (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-28255-3_9

Ordering information: This item can be ordered from
http://www.springer.com/9783031282553

DOI: 10.1007/978-3-031-28255-3_9

Access Statistics for this chapter

More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().