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Estimating Regional Price Parities Using New Data on Medical Goods and Services

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Listed:
  • James P. Choy

    (Bureau of Economic Analysis)

Abstract

I report on a project to improve estimates of Regional Price Parities (RPPs) by making use of a large commercial dataset on health care prices, the Health Marketscan dataset. Using the new data, I obtain estimates of regional price levels for health related goods and services that are stable across years and that vary less across regions than existing estimates obtained using CPI data.

Suggested Citation

  • James P. Choy, 2021. "Estimating Regional Price Parities Using New Data on Medical Goods and Services," BEA Working Papers 0187, Bureau of Economic Analysis.
    • Handle: RePEc:bea:wpaper:0187
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    File URL: https://www.bea.gov/system/files/papers/BEA-WP2021-4.pdf
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    References listed on IDEAS

    as
    1. Bettina Aten & Eric Figueroa & Troy Martin, 2011. "Notes on Estimating the Multi-Year Regional Price Parities by 16 Expenditure Categories: 2005-2009," BEA Working Papers 0071, Bureau of Economic Analysis.
    2. Bettina H. Aten, 2017. "Regional Price Parities and Real Regional Income for the United States," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 131(1), pages 123-143, March.
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    More about this item

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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