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A Spatial Econometric Analysis of Fiscal Expenditure and Aging on the Development of the Long-Term Care Industry

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Listed:
  • Hao-Chen Huang
  • Ting-Chung Wang
  • Ting-Hsiu Liao
  • Chih-Wei Li

Abstract

Taiwan's elderly population is rising annually and is expected to become a super-aged society by 2025. This study examines the impact of fiscal expenditure and aging on the distribution of long-term care (LTC) facilities across 22 counties and cities from 2000 to 2023 using the Spatial Durbin Model (SDM). Results indicate that economic development and social welfare expenditures boost local LTC facilities but negatively spill over to neighboring areas, while community development and environmental protection expenditures have the opposite effect. The elderly population ratio reduces local LTC facilities but increases them in adjacent areas, whereas the aging index has a positive local effect but a negative spillover. Low- and middle-income elderly allowances support local LTC growth but decrease facilities in neighboring regions. These findings provide insights for optimizing LTC policies and resource allocation. Â JEL classification numbers: C21, I18, J14, R12.

Suggested Citation

  • Hao-Chen Huang & Ting-Chung Wang & Ting-Hsiu Liao & Chih-Wei Li, 2025. "A Spatial Econometric Analysis of Fiscal Expenditure and Aging on the Development of the Long-Term Care Industry," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 15(6), pages 1-3.
    • Handle: RePEc:spt:apfiba:v:15:y:2025:i:6:f:15_6_3
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    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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