Geographic and Temporal Heterogeneity in Public Prescription Pharmaceutical Expenditures in Spain
AbstractA panel of aggregate data for 50 provinces is used to analyze Spain's per capita public pharmaceutical expenditures. In contrast to previous practice, our approach permits the analysis of the effects determinants on pharmaceutical expenditure to be heterogeneous across years and provinces. Considerable parametric heterogeneity over time as well as across provinces is found, even after controlling for residual temporal heterogeneity and interdependence as well as residual spatial spillovers. This underlines the need for using disaggregate spatial data when attempting to model macroeconomic behavior.
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Bibliographic InfoArticle provided by Southern Regional Science Association in its journal Review of Regional Studies.
Volume (Year): 38 (2008)
Issue (Month): 1 ()
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Pharmaceutical; Residual; Spatial;
Find related papers by JEL classification:
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- H75 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Government: Health, Education, and Welfare
- L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology
- R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
- R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
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