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Still on the Relationship between GDP and Healthcare Expenditure: Study of 21 OECD Countries
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Economics.
2024 (English)Independent thesis Advanced level (degree of Master (Two Years)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

This study utilizes a dynamic fixed effects regression to examine the relationship between per capita gross domestic Product (GDP) and per capita healthcare expenditure (HCE) in 21 OECD countries for the period 1983-2022. The model employed, produces income elasticity estimates for the short-run and long-run, that are between 0 and 1; thereby providing an indication of a positive but less than unitary response of HCE to changes in the level of GDP. Robustness checks and an alternative static model are introduced to give a well-rounded analysis.

Place, publisher, year, edition, pages
2024.
National Category
Economics
Identifiers
URN: urn:nbn:se:umu:diva-226342OAI: oai:DiVA.org:umu-226342DiVA, id: diva2:1871170
Available from: 2024-06-17 Created: 2024-06-17 Last updated: 2024-06-17Bibliographically approved

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CiteExportLink to record
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