Does healthcare financing converge? Evidence from eight OECD countries
AbstractThis study investigated the convergence of healthcare financing across eight OECD countries during 1960–2009 for the first time. The panel stationary test incorporating both shapes of multiple structural breaks (i.e., sharp drifts and smooth transition shifts) and cross-sectional dependence was used to provide reliable evidence of convergence in healthcare financing. Our results suggested that the public share of total healthcare financing in eight OECD countries has exhibited signs of convergence towards that of the US. The convergence of healthcare financing not only reflected a decline in the share of public healthcare financing in these eight OECD countries but also exhibited an upward trend in the share of public healthcare financing in the US over the period of 1960–2009. Copyright Springer Science+Business Media New York 2013
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Bibliographic InfoArticle provided by Springer in its journal International Journal of Health Care Finance and Economics.
Volume (Year): 13 (2013)
Issue (Month): 3 (December)
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Web page: http://www.springerlink.com/link.asp?id=106603
Healthcare financing; Panel stationary test; Stochastic convergence; $$\beta $$ β convergence; Convergence hypothesis; Catch-up effect; Fourier approximation; C32; I15; J11;
Find related papers by JEL classification:
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
- J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
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