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The Role of Policy and Institutions on Health Spending
Author(s) -
Maisonneuve Christine,
MorenoSerra Rodrigo,
Murtin Fabrice,
Oliveira Martins Joaquim
Publication year - 2017
Publication title -
health economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.55
H-Index - 109
eISSN - 1099-1050
pISSN - 1057-9230
DOI - 10.1002/hec.3410
Subject(s) - per capita , economics , health spending , public economics , public spending , per capita income , dependency ratio , panel data , econometric model , control (management) , public health , demographic economics , economic growth , health care , political science , econometrics , population , health insurance , politics , environmental health , medicine , demography , nursing , sociology , law , management
This paper investigates the impact of policies and institutions on health expenditures for a large panel of Organisation for Economic Co‐operation and Development countries for the period of 2000–2010. A set of 20 policy and institutional indicators developed by the Organisation for Economic Co‐operation and Development are integrated into a theoretically motivated econometric framework, alongside control variables related to demographic (dependency ratio) and non‐demographic (income, prices and technology) drivers of health expenditures per capita. Although a large share of cross‐country differences in public health expenditures can be explained by demographic and economic factors (around 71%), cross‐country variations in policies and institutions also have a significant influence, explaining most of the remaining difference in public health spending (23%). Copyright © 2016 John Wiley & Sons, Ltd.