Testing cointegration between health care expenditure and GDP in Japan with the presence of a regime shift

Tamakoshi, Tomoko; Hamori, Shigeyuki

doi:10.1080/13504851.2015.1058901

Cited by 5 publications

(2 citation statements)

References 12 publications

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“…Hansen and Seo ( 2002) test the long-term relationship between real per-capita GDP and real per-capita healthcare expenditure in Japan. Tamakoshi and Hamori (2016) detect the presence of a threshold cointegrating relationship between the GDP and healthcare expenditure. Further research may be focused on this long-term relationship in the Czech Republic.…”

Section: Discussionmentioning

confidence: 99%

Analysis of Healthcare Expenditures in the Czech Republic

Hedvičáková¹,

Pozdílková²

2023

Proceedings of the International Scientific Conference Hradec Economic Days 2023

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Healthcare expenditures play a key role in the social policy and economy of individual countries. There is increasing emphasis on the political economy aspects of health policy. Primarily due to the onset of the Covid-19 pandemic, it became clear that healthcare expenditures must be addressed comprehensively. Given that empirical findings on the relationship between gross domestic product and healthcare expenditures are diverse, an analysis will be performed for the Czech Republic. Correlation analysis and Spearman's correlation coefficient will be used to determine the independence of the investigated economic variables. The aim of the article is to perform a correlation analysis, which will verify how the change in one economic quantity affects the change of another investigated economic quantity. Correlation analysis showed that GDP has a very strong positive correlation with healthcare expenditures and a very strong negative correlation with the unemployment rate.The correlation between the unemployment rate and healthcare expenditures is negative.Through time series modeling and predictions, it was shown that in the period until 2024, we expect first a decrease and then a slight increase in healthcare spending.

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Section: Discussionmentioning

confidence: 99%

Analysis of Healthcare Expenditures in the Czech Republic

Hedvičáková¹,

Pozdílková²

2023

Proceedings of the International Scientific Conference Hradec Economic Days 2023

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“…As noticed above, this can be answered by co-integration analysis. A quite common finding in the literature (e.g., [ 30 , 31 ]) is that total healthcare expenditure is co-integrated with GDP per capita, thus indicating that separation of a linear risk-free component of returns is not possible at this aggregation level.…”

Section: Implications For Discounting In Healthcarementioning

confidence: 99%

Discounting in economic evaluation of healthcare interventions: what about the risk term?

Hultkrantz

2021

Eur J Health Econ

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Results from economic evaluations of long-term outcomes are strongly dependent on the chosen discount rate. A recent review of national guidelines for evaluation of healthcare interventions finds that “the level of currently used discount rates seems relatively high in many countries”. However, this conclusion comes from a comparison to rates derived or observed for investments in safe assets, while rate of return requirements are typically considerably higher when investment involves risk. This paper reviews recent literature on how to account for project-specific risk in determination of the social rate of discount and discusses implications for economic evaluation of healthcare interventions. It concludes that the available empirical evidence strongly suggests that the demand for and consumer value of health and healthcare is co-variant with income, which therefore implies that there is a non-diversifiable risk component of health-related investment.

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Is health care a luxury or necessity good? Evidence from Asian countries

Khan

Husnain

2018

Int J Health Econ Manag.

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Testing cointegration between health care expenditure and GDP in Japan with the presence of a regime shift

Cited by 5 publications

References 12 publications

Analysis of Healthcare Expenditures in the Czech Republic

Analysis of Healthcare Expenditures in the Czech Republic

Discounting in economic evaluation of healthcare interventions: what about the risk term?

Is health care a luxury or necessity good? Evidence from Asian countries

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