Not Evidence for Baumol's Cost Disease. A replication study of Hartwig (Journal of Health Economics, 2008)

Artikel

In his 2008 Journal of Health Economics paper, Jochen Hartwig claimed that Baumol's Cost Disease (BCD) theory could explain observed increases in health care expenditures in OECD countries. This paper replicates Hartwig's results and demonstrates that he tested the wrong hypothesis. When one tests the correct hypothesis, Hartwig's conclusions are not supported. Rather than providing evidence in favor of BCD, Hartwig's estimation procedures, when applied correctly, strongly reject BCD as an explanation for health expenditure increases for the OECD data he examined.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: International Journal for Re-Views in Empirical Economics (IREE) ; ISSN: 2566-8269 ; Volume: 4 ; Year: 2020 ; Issue: 2020-1 ; Pages: 1-10 ; Kiel, Hamburg: ZBW – Leibniz Information Centre for Economics

Classification and Topics

• Classification: Wirtschaft ; Analysis of Health Care Markets ; Wages, Compensation, and Labor Costs: General ; Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
• Subject: Baumol's cost disease ; Health care expenditures ; Health care costs ; OECD ; Panel data ; Replication study

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Atanda, Akinwande ; Reed, W. Robert
• Event: Veröffentlichung
• (who): ZBW – Leibniz Information Centre for Economics
• (where): Kiel, Hamburg
• (when): 2020

Further information

• DOI: doi:10.18718/81781.16
• Handle: http://hdl.handle.net/10419/215726
• Last update: 10.03.2025, 11:45 AM CET