ArticleInternational journal of health care finance and economics2005
Is health care a luxury? New evidence from OECD data.
Article in International journal of health care finance and economics, 2005. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 17 papers, 1 of them a synthesis that pooled it.
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Who cites it
17 citing papers in PubMed, 1 synthesis or guideline pooled it.
- Health care expenditure and GDP in African countries: evidence from semiparametric estimation with panel data.TheScientificWorldJournal · 2014Pooled it
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- Resiliency of healthcare expenditure to income shock: Evidence from dynamic heterogeneous panels.Frontiers in public health · 2023Article
- Forecasting future dental health expenditures: Development of a framework using data from 32 OECD countries.Community dentistry and oral epidemiology · 2021Article
- Dynamics of Public Spending on Health and Socio-Economic Development in the European Union: An Analysis from the Perspective of the Sustainable Development Goals.Healthcare (Basel, Switzerland) · 2021Article
- Health care expenditures and GDP in Latin American and OECD countries: a comparison using a panel cointegration approach.International journal of health economics and management · 2019Article
- Is health care a luxury or necessity good? Evidence from Asian countries.International journal of health economics and management · 2019Article
- Pharmaceutical expenditure and gross domestic product: Evidence of simultaneous effects using a two-step instrumental variables strategy.Health economics · 2019Article
- Impact of macro-fiscal determinants on health financing: empirical evidence from low-and middle-income countries.Global health research and policy · 2019Article
- Is health care a necessary or luxury product for Asian countries? An answer using panel approach.Health economics review · 2017Article
- Is income relevant for health expenditure and economic growth nexus?International journal of health economics and management · 2016Article
- Health Care Expenditure and GDP in Oil Exporting Countries: Evidence From OPEC Data, 1995-2012.Global journal of health science · 2015Article
- Determinants of health care expenditures and the contribution of associated factors: 16 cities and provinces in Korea, 2003-2010.Journal of preventive medicine and public health = Yebang Uihakhoe chi · 2013Article
- Endogenous technological change in medicine and its impact on healthcare costs: evidence from the pharmaceutical market in Taiwan.The European journal of health economics : HEPAC : health economics in prevention and care · 2013Article
- Is health care a luxury or a necessity or both? Evidence from Turkey.The European journal of health economics : HEPAC : health economics in prevention and care · 2013Article
- The income elasticity of health care spending in developing and developed countries.International journal of health care finance and economics · 2012Article
- Decomposing the determinants of health care expenditure: the case of Spain.The European journal of health economics : HEPAC : health economics in prevention and care · 2012Article
Corrections and comments
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Authors and funding
1 author.
Funding
No grant is acknowledged in the PubMed record.
Abstract
Most research using cross-country data find income elasticities equal to or exceeding unity with respect to health expenditure. These conclusions might be confounded due to omitted variables bias and the presence of unobserved country and year specific determinants of per capita health expenditures. I obtain results supporting these hypotheses using recent (1990-98) data from fifteen OECD countries. Specifically, OLS coefficient estimates drop by more than 50% with the use of two-way fixed effects models and the inclusion of various demand and supply based determinants of per capita health expenditures, implying income elasticities of between 0.21 and 0.51. Weighted Least Squares (WLS), Generalized Least Squares (GLS) and Instrumental Variables (IV) estimation yield similar results.
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Registered trials
Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.