The Effects of the Ageing Population on Healthcare Expenditure: A Comparative Study of China and India

Nordin, Nurhaiza; Nordin, Nurnaddia; Ahmad, Nor Asma

doi:10.2991/iceb-15.2015.44

Cited by 7 publications

(5 citation statements)

References 13 publications

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“…The results of long-run estimates of ARDL suggest that population aging has a statistically positive and significant impact on per capita health expenditure which implies that an increase in the aged percentage of the population in the country requires more healthrelated problems and hence health expenditures in the economy increases. This research finding is supported by various studies in the literature and specifically by Nordin et al (2017) who have found the long-run relationship between population aging and HCE for India and China using a similar approach.…”

Section: Resultssupporting

confidence: 83%

“…The authors found that the elderly population positively affects the HCE per capita. Nordin et al (2017) in their study compared the relationship between population aging and HCE between India and China. Using the autoregressive distributed lag (ARDL) approach, the study found a positive long-run relationship between population aging and HCE.…”

Section: Conceptual Frameworkmentioning

confidence: 99%

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Establishing the relationship between population aging and health care expenditure in India

Mohapatra

Arora

2022

JEAS

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PurposeThe main purpose of this paper is to examine the role of population aging in determining the health care expenditure (HCE) in India over the period 1981 to 2018.Design/methodology/approachWhile establishing the linkage between population aging and HCE, the study has used economic growth, urbanization and CO2 emissions as control variables and used the autoregressive distributed lag (ARDL) approach to cointegration and VECM based Granger causality approach to estimate both the long-run and short-run relationships among the variables.FindingsThe results of the ARDL bounds test showed that there is a stable and long-run relationship among the variables. The long-run and short-run coefficients reveal that population aging and income per capita exert a statistically significant and positive effect on per capita HCE in India. The VECM causality evidence shows that there is a presence of short-run causality from economic growth and population aging to per capita HCE, urbanization to environmental degradation and further from aging to urbanization. However, the long-run causality evidence confirms unidirectional causality from population aging to the per capita HCE.Research limitations/implicationsThe research findings could be improved by considering the changes in mortality rate over time because of other environmental factors such as air pollution, among others as control variables. Various other variables affecting the health of an aged person could be considered for better research outcome which is not included in the present study because of the paucity of data. However, the present research findings would certainly serve effective policy instrument aiming at maximizing health gains that are highly associated with the elderly population and economic growth towards achieving sustainable development in India.Originality/valueThe uniqueness of the present study lies in its estimation where the relationship between population aging and HCE is looked at while considering the impact of other environmental factors separately. The causal relationship is shown among the variables using updated econometrics time-series techniques. The study tried to resolve the ambiguity associated with the relationship between aging and HCE at a macro level.

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Section: Resultssupporting

confidence: 83%

Section: Conceptual Frameworkmentioning

confidence: 99%

Establishing the relationship between population aging and health care expenditure in India

Mohapatra

Arora

2022

JEAS

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“…46 Our results are similar to literature that show ageing most likely influences growth in health expenditures. [47][48][49] Lopreite and Mauro 48 show the impact of demographic changes on healthcare expenditure in the case study of Italy. The study indicates that increasing population over the age of 65 lead to higher incidence of chronic disease and consequent impact of healthcare spending.…”

Section: Notementioning

confidence: 99%

“…The age effect of healthcare expenditure for the population aged 65 or over was the most significant among the different age groups as healthcare expenditure per capita of the age group 65 years or over is 7.25 times as much as the population aged <25 years. However, Nordin et al 49 argued that in the case of China the ageing population is a more dominant influence on healthcare expenditures because the total ageing in China is greater than that of the population in India.…”

Section: Notementioning

confidence: 99%

Assessing the impact of diversity and ageing population on health expenditure of United States

Amin

Yousaf

Anwar

et al. 2021

Health Planning & Management

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Background: At the biological level, ageing results from a plodding decline in physical and mental capability, an emergent menace of malady, and eventually, fatality. Even though a few of the geriatric's health changes are hereditary, to a great extent is due to individual's physical and societal surroundings and their residence, locality, societies, gender, ethnicity or socio-economic status. The current debate is well popular by the relationship between increasing diversity and the ageing population with healthcare expenditure in the United States. Higher diversity in society and increasing ageing population have various socio-economic consequences. A good policy in this regard helpful to managed and get fruitful outcomes.Objective: This study aims to examine the direct effects of diversity and ageing population on healthcare spending. The assortment observed in geriatrics is not arbitrary. A huge portion emerges from individual's physical and social settings and the influence of these environs on their prospect and well-being demeanour.Method: This study used the Bayesian-vector autoregressive model, impulse response analysis, and variance decomposition and data over the period 1990-2018 for empirical analysis of the United States. Results:The empirical findings indicate that diversity and ageing population are more persistent with health expenditure in the United States. This study concludes that an

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“…Changes in prices of goods and services which are exchanged in the normal market can be associated with consumer behaviour. [ 25 ] asks that in cases with no observable markets, how do you express utility such as the benefits of higher education, or protection of the environment, healthcare, or standard of living? According to Ref.…”

Section: Introductionmentioning

confidence: 99%

Economic evaluation of groundwater resource in the Effutu Municipality: An application of the Gisser-Sanchez effect

Kyeremeh

Adu‐Boahen

Addai

2023

Heliyon

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The Effects of the Ageing Population on Healthcare Expenditure: A Comparative Study of China and India

Cited by 7 publications

References 13 publications

Establishing the relationship between population aging and health care expenditure in India

Establishing the relationship between population aging and health care expenditure in India

Assessing the impact of diversity and ageing population on health expenditure of United States

Economic evaluation of groundwater resource in the Effutu Municipality: An application of the Gisser-Sanchez effect

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