What drives health care expenditure? - Baumol's model of 'unbalanced growth' revisited¶
Hartwig, J. (2008). What drives health care expenditure? - Baumol's model of 'unbalanced growth' revisited. Journal of Health Economics, 27(3), 603-623.
Cited by¶
1 citation across 1 artifact.
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Domain-specific¶
- Baumol's Cost Disease
- Healthcare economics. Much of medicine is a bedside hour that cannot be sped up without becoming a different (worse) thing, so the disease is central to explaining the long-run growth of healthcare spending as a share of GDP across developed economies
This sourceTests Baumol's unbalanced-growth model on a panel of 19 OECD countries and finds robust evidence that health expenditure is driven by wage growth in excess of productivity growth, the empirical case for the cost disease behind health spending's rising GDP share.
Supported in partVerified against the source
- Healthcare economics. Much of medicine is a bedside hour that cannot be sped up without becoming a different (worse) thing, so the disease is central to explaining the long-run growth of healthcare spending as a share of GDP across developed economies
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