Empirical evidence on the long and short run determinants of health expenditure in the Arab world

Autor: Karim Barkat, Raschid Sbia, Youcef Maouchi
Přispěvatelé: Qatar University, Aix-Marseille Sciences Economiques (AMSE), École des hautes études en sciences sociales (EHESS)-École Centrale de Marseille (ECM)-Centre National de la Recherche Scientifique (CNRS)-Aix Marseille Université (AMU), Macro-Fiscal Department, Ministry of Finance, École des hautes études en sciences sociales (EHESS)-Aix Marseille Université (AMU)-École Centrale de Marseille (ECM)-Centre National de la Recherche Scientifique (CNRS)
Jazyk: angličtina
Rok vydání: 2019
Předmět:
Economics and Econometrics
Population ageing
JEL: C - Mathematical and Quantitative Methods/C.C3 - Multiple or Simultaneous Equation Models • Multiple Variables/C.C3.C33 - Panel Data Models • Spatio-temporal Models
Arab world
JEL: P - Economic Systems/P.P4 - Other Economic Systems/P.P4.P46 - Consumer Economics • Health • Education and Training • Welfare
Income
Wealth
and Poverty
Panel cointegration
0502 economics and business
Health care
Economics
Social determinants of health
050207 economics
Empirical evidence
Estimation
050208 finance
Panel causality
Short run
Cointegration
business.industry
05 social sciences
1. No poverty
[SHS.ECO]Humanities and Social Sciences/Economics and Finance
JEL: I - Health
Education
and Welfare/I.I1 - Health/I.I1.I15 - Health and Economic Development
Health expenditure
Demographic economics
JEL: H - Public Economics/H.H5 - National Government Expenditures and Related Policies/H.H5.H51 - Government Expenditures and Health
business
Finance
Necessity good
Zdroj: Quarterly Review of Economics and Finance
Quarterly Review of Economics and Finance, Elsevier, 2019, 73, pp.78-87. ⟨10.1016/j.qref.2018.11.009⟩
Quarterly Review of Economics and Finance, 2019, 73, pp.78-87. ⟨10.1016/j.qref.2018.11.009⟩
ISSN: 1062-9769
1878-4259
DOI: 10.1016/j.qref.2018.11.009⟩
Popis: International audience; This paper empirically examines the determinants of health care spending for 18 Arab world countries for the period 1995–2015 by using recently developed panel cointegration techniques. We conducted the same estimations for 3 sub-samples, namely high-income, upper-middle- and lower-middle-income countries to reduce the heterogeneity among them. Our empirical findings demonstrate that health care expenditure and its determinants are non-stationary, and revealed the existence of a long run relationship among variables. Furthermore, the estimation results suggest that income is not the only driver of health expenditure in the Arab world countries in the long run. Other variables such as medical progress and ageing population are also playing an important role in the increase of health care expenditure with major policy implications for the region in the long run. Furthermore, the results support that health care expenditure is a necessity good for the three income groups. Finally, the Pairwise Dumitrescu-Hurlin panel causality test shows evidence of a bidirectional causal relationship between health care expenditures and income for the full sample, as well as for the groups income.
Databáze: OpenAIRE
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