Determinants of health expenditure in OECD countries and the income elasticity

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buir.advisorÖzlale, Ümit
dc.contributor.authorŞanlıalp, Gülten
dc.date.accessioned2016-01-08T18:08:16Z
dc.date.available2016-01-08T18:08:16Z
dc.date.issued2008
dc.departmentDepartment of Economicsen_US
dc.descriptionAnkara : The Department of Economics, Bilkent University, 2008.en_US
dc.descriptionThesis (Master's) -- Bilkent University, 2008.en_US
dc.descriptionIncludes bibliographical references leaves 34-36.en_US
dc.description.abstractAfter Newhouse's seminal paper published in 1977 the determinants of health expenditure has been studied both by academia and policymakers. The main result of these studies is that income is the most important factor explaining the health expenditure. This thesis aims to reveal the non-income determinants of health expenditure, the magnitude of the income elasticity of health expenditure in OECD countries and to explore whether health expenditure is more elastic in high income countries. Health can be seen as a necessity if the income elasticity is below unity and as a luxury good if the income elasticity is above unity. An interpretation of health being a luxury good is that health expenditure would increase at a higher rate than GDP and the public health sector have high priority among the goals of economic and social development. Panel data on GDP per capita, dependency rate and the public share in health expenditure have been used to investigate the determinants of total health expenditure per capita of OECD countries for the period 1975-2006. For a richer analysis linear and log-linear functional forms are employed. Linear functional form reveals that 100 US$ increase in GDP per capita raises health expenditure per capita by 10.99 US$. Log-linear functional form yields income elasticity much higher than unity. After sorting out the OECD countries as highincome and low-income, it is found that health is more elastic in high-income countries.en_US
dc.description.degreeM.A.en_US
dc.description.statementofresponsibilityŞanlıalp, Gültenen_US
dc.format.extentix, 39 leavesen_US
dc.identifier.urihttp://hdl.handle.net/11693/14801
dc.language.isoEnglishen_US
dc.publisherBilkent Universityen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectHealth Expenditureen_US
dc.subjectIncome Elasticityen_US
dc.subject.lccW74.1 .S35 2008en_US
dc.subject.lcshMedical care, Cost of--OECD countries.en_US
dc.subject.lcshMedical care--OECD countries--Finance.en_US
dc.subject.lcshIncome--OECD countries.en_US
dc.subject.lcshElasticity (Economics)en_US
dc.subject.lcshSustainable development.en_US
dc.subject.lcshHealth expenditures--OECD countries.en_US
dc.titleDeterminants of health expenditure in OECD countries and the income elasticityen_US
dc.typeThesisen_US

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