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

Mohamed Chakroun

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Health expenditure; Income elasticity; Panel smooth threshold regression models (search for similar items in EconPapers)
JEL-codes: I1 (search for similar items in EconPapers)
Date: 2009-05
New Economics Papers: this item is included in nep-hea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/14322/1/MPRA_paper_14322.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/17493/1/MPRA_paper_17493.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/17559/1/MPRA_paper_17559.pdf revised version (application/pdf)

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:pra:mprapa:14322

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().