Medical expenditure growth and the diffusion of medical technology

Arbeitspapier

The general consensus among health economists is that the increasing capability of medical providers-often called medical technology-is responsible for the majority of growth in medical expenditure. And yet, the principle means of understanding medical technology is through the use of total factor productivity, which, despite giving reasonable estimates of the magnitude of the effects, is not a theory of technology, leaving policymakers without effective tools for prediction. This paper develops a descriptive model of technology that may have interesting implications for health economics. The model suggests that the manner of diffusion of technology is critical, and when technology diffuses haphazardly, the effects on expenditure can be unexpectedly large.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper ; No. 2011-10

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Current Heterodox Approaches: Socialist; Marxian; Sraffian ; Input-Output Models ; Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity ; General Equilibrium and Disequilibrium: Input-Output Tables and Analysis ; Analysis of Health Care Markets ; Health Behavior ; Technological Change: Choices and Consequences; Diffusion Processes
• Thema: Health Economics ; Health Care Production ; National Health Expenditures ; Sraffian Economics ; Total Factor Productivity ; Input-Output Economics ; Technological Diffusion Processes

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Polchlopek, Justin
• Ereignis: Veröffentlichung
• (wer): The University of Utah, Department of Economics
• (wo): Salt Lake City, UT
• (wann): 2011

Weitere Informationen

• Handle: http://hdl.handle.net/10419/64448
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ