Logo
Munich Personal RePEc Archive

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

Chakroun, Mohamed (2009): Health care expenditure and GDP: An international panel smooth transition approach.

Warning
There is a more recent version of this item available.
[thumbnail of MPRA_paper_14322.pdf]
Preview
PDF
MPRA_paper_14322.pdf

Download (205kB) | Preview

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.

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.