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Aggregate Health Expenditures, National Income, And Institutions For Private Property

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Author Info
Dino Falaschetti
Abstract

Being careful about the potential for endogeneity bias, I find robust evidence that "institutions for private property" share a more fundamental relationship with health expenditures than does national income. This research should interest a wide audience. First, health scholars may be interested in its relatively careful estimate of income's relationship to health spending. Second, institutions and commitment scholars should be interested in its evidence of institutions' primacy in a heretofore overlooked, but theoretically and substantively attractive, application. Finally, policy entrepreneurs may find important the implication that reforming governance structures can be more productive than is directly funding health services. Copyright Blackwell Publishing Ltd 2005.

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File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.0954-1985.2005.00159.x
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Publisher Info
Article provided by Blackwell Publishing in its journal Economics & Politics.

Volume (Year): 17 (2005)
Issue (Month): 3 (November)
Pages: 393-431
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Handle: RePEc:bla:ecopol:v:17:y:2005:i:3:p:393-431

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  1. Costa-Font, J & Gemmill, M & Rubert, G, 2009. "Re-visiting the Health Care Luxury Good Hypothesis: Aggregation, Precision, and Publication Biases?," Health, Econometrics and Data Group (HEDG) Working Papers 09/02, HEDG, c/o Department of Economics, University of York. [Downloadable!]
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