Arbeitspapier
Testing the Grossman model of medical spending determinants with macroeconomic panel data
Michael Grossman's human capital model of the demand for health has been argued to be one of the major achievements in theoretical health economics. Attempts to test this model empirically have been sparse, however, and with mixed results. These attempts so far relied on using - mostly cross-sectional - micro data from household surveys. For the first time in the literature we bring in macroeconomic panel data for 29 OECD countries over the period 1970-2010 to test the model. In order to check the robustness of the results for the determinants of medical spending identified by the model, we include additional covariates that have been suggested as determinants for medical spending in an Extreme Bounds Analysis (EBA) framework. The preferred model specifications (including the robust covariates) lend some support to the empirical relevance of the determinants of medical spending identified by the Grossman model, except for the relative medical price.
- Sprache
-
Englisch
- Erschienen in
-
Series: KOF Working Papers ; No. 426
- Klassifikation
-
Wirtschaft
Hypothesis Testing: General
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Health: General
Health Behavior
- Thema
-
Medical spending
Grossman model
Extreme Bounds Analysis
OECD panel
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hartwig, Jochen
Sturm, Jan-Egbert
- Ereignis
-
Veröffentlichung
- (wer)
-
ETH Zurich, KOF Swiss Economic Institute
- (wo)
-
Zurich
- (wann)
-
2017
- DOI
-
doi:10.3929/ethz-a-010832514
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hartwig, Jochen
- Sturm, Jan-Egbert
- ETH Zurich, KOF Swiss Economic Institute
Entstanden
- 2017
Ähnliche Objekte (12)
Testing the Grossman model of medical spending determinants with macroeconomic panel data
A New Crisis Mechanism for the Euro Area
No Need to Run Millions of Regressions
An outlier-robust extreme bounds analysis of the determinants of health-care expenditure growth
Determinants of social expenditure in OECD countries
Economic, demographic and political determinants of pollution reassessed: a sensitivity analysis
Economic, demographic and political determinants of pollution reassessed: A sensitivity analysis
Deregulation, Entry of Foreign Banks and Bank Efficiency in Australia
The information content of capacity utilisation rates for output gap estimates
Das Personenfreizügigkeitsabkommen Schweiz-EU/EFTA und das Wachstum des BIP pro Kopf in der Schweiz: Bericht zuhanden des Bundesamtes für Migration (BFM)
Inflation in Developing Countries: Does Central Bank Independence Matter?
Prognose der Kostenentwicklung in der obligatorischen Krankenpflegeversicherung (OKP): Für die Jahre 2019 und 2020. Studie im Auftrag des Bundesamtes für Gesundheit (BAG)
Testing the Grossman model of medical spending determinants with macroeconomic panel data
A New Crisis Mechanism for the Euro Area
No Need to Run Millions of Regressions
An outlier-robust extreme bounds analysis of the determinants of health-care expenditure growth
Determinants of social expenditure in OECD countries
Economic, demographic and political determinants of pollution reassessed: a sensitivity analysis
Economic, demographic and political determinants of pollution reassessed: A sensitivity analysis
Deregulation, Entry of Foreign Banks and Bank Efficiency in Australia
The information content of capacity utilisation rates for output gap estimates
Das Personenfreizügigkeitsabkommen Schweiz-EU/EFTA und das Wachstum des BIP pro Kopf in der Schweiz: Bericht zuhanden des Bundesamtes für Migration (BFM)
Inflation in Developing Countries: Does Central Bank Independence Matter?
Prognose der Kostenentwicklung in der obligatorischen Krankenpflegeversicherung (OKP): Für die Jahre 2019 und 2020. Studie im Auftrag des Bundesamtes für Gesundheit (BAG)
Testing the Grossman model of medical spending determinants with macroeconomic panel data
A New Crisis Mechanism for the Euro Area
No Need to Run Millions of Regressions
An outlier-robust extreme bounds analysis of the determinants of health-care expenditure growth
Determinants of social expenditure in OECD countries
Economic, demographic and political determinants of pollution reassessed: a sensitivity analysis
Economic, demographic and political determinants of pollution reassessed: A sensitivity analysis
Deregulation, Entry of Foreign Banks and Bank Efficiency in Australia
The information content of capacity utilisation rates for output gap estimates
Das Personenfreizügigkeitsabkommen Schweiz-EU/EFTA und das Wachstum des BIP pro Kopf in der Schweiz: Bericht zuhanden des Bundesamtes für Migration (BFM)
Inflation in Developing Countries: Does Central Bank Independence Matter?