The determinants and effects of health expenditure in developed countries

Article Abstract:

Analysis of a larger sample verified the existence of a positive relationship between per capita health spending and gross domestic product (GDP). Re-examination of a sample of 560 pooled time-series and cross-section observations showed the critical role of GDP as a determinant of health spending. Some non-income variables were also found to be critical but their direct effect was deemed to be insignificant. The results also implied that the countries belonging to the Organization for Economic Cooperation and Development should not have the impression of being a single and homegenous group.

Organization for Economic Cooperation and Development

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International comparisons of health care expenditure - conversion factor instability, heteroscedasticity, outliers and robust estimators

Article Abstract:

The study accepts the role of outliers in the regression coefficients when using the Least Absolute Error estimator but still maintains its previous stance that the relation between aggregate health expenditure and per capita Gross Domestic Product (GDP) is greater than one no matter which conversion factor is used. The results suggested that the regression per capita health care expenditure and per capita GDP with respect to health care income elasticity does not exhibit significant conversion factor instability.

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An econometric analysis of health care expenditure: a cross-section study of the OECD countries

Article Abstract:

An analysis of 19 industrialized countries shows that national health care expenditure is dependent on per capita gross domestic product (GNP), level of urban development, federal and patient contributions to health care and type of renumeration for delivered services. Costs of health service are higher in wealthier countries despite the lower levels of available public financing. Fee-for-service payments and inpatient care services also contribute to the observed increase in health care expenditures.

Health and allied services, not elsewhere classified, Analysis, Medical economics

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