Public Hospital Costs in Two Australian States | Zendy

Fahrer Jerome | Zendy; Fung Justin G. | Zendy; Harper Ian R. | Zendy

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Public Hospital Costs in Two Australian States

Author(s) -

Fahrer Jerome,

Fung Justin G.,

Harper Ian R.

Publication year - 2000

Publication title -

australian economic review

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.308

H-Index - 29

eISSN - 1467-8462

pISSN - 0004-9018

DOI - 10.1111/1467-8462.00146

Subject(s) - measure (data warehouse) , short run , public hospital , average cost , statistics , operations management , economics , agricultural economics , demographic economics , mathematics , medicine , computer science , macroeconomics , nursing , microeconomics , database

This study examines the long‐run and short‐run behaviour of public hospital average costs in two Australian States: Victoria and Queensland. Using adjusted weighted inlier‐equivalent separations as a measure of hospital output, and floor area as a measure of capacity, the study finds a hump‐ or ‘∩'‐shaped long‐run average cost curve at the 5 per cent significance level in both data sets. The study also finds a saucer‐ or ‘∪'‐shaped relationship between capacity utilisation and short‐run average cost at the 5 per cent level.

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