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Multivariate Cointegration Technique Estimation of Health Demand Function: The Case of Croatia

Author

Listed:
  • Josip Tica

    () (Faculty of Economics and Business, University of Zagreb)

  • Šime Smolić

    () (Faculty of Economics and Business, University of Zagreb)

Abstract

In this paper multivariate Johansen cointegration technique is used in order to estimate health demand function in Croatia. Empirical estimate is based on the theoretical foundation of Grossman's model. According to the estimate, the number of physician visits in Croatia is a function of percentage of urban population, GDP, number of beds per 100 000 people, number of physicians per 100 000 people and total fertility rate. All estimated systems demonstrated strong feedbacks indicating number of endogenous variables greater than one.

Suggested Citation

  • Josip Tica & Šime Smolić, 2007. "Multivariate Cointegration Technique Estimation of Health Demand Function: The Case of Croatia," EFZG Working Papers Series 0706, Faculty of Economics and Business, University of Zagreb.
  • Handle: RePEc:zag:wpaper:0706
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    File URL: http://web.efzg.hr/repec/pdf/Clanak%2007-06.pdf
    File Function: First version, 2007
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    More about this item

    Keywords

    health demand function; health capital; Grossman's model; Croatian health care system; Johansen cointegration technique;

    JEL classification:

    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health

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