October 1st | 11:30 - 13:00 | ANF 3 | 4th floor | Quelhas 6 Building

Presentation:
Financing Health Care Expenditure in the OECD Countries: Evidence from a Heterogeneous, Cross-Sectionally Dependent Panel

Jointly with:
CEMAPRE

Presenter:
Felipa de Mello-Sampayo
ISCTE - IUL Institute University of Lisbon

Abstract
This paper analyses the relationship between health expenditure and the way it isnanced
using a panel of 30 OECD countries observed since the 1990s. In particular, the nonstationarity
and cointegration properties between health care spending and its sources of funding, income and non-income variables are studied. This is performed in a panel data context controlling for both cross-section dependence and unobserved heterogeneity. Thendings suggest that when health care expenditure is mainlynanced by government it becomes highly inelastic, with an income elasticity much smaller than expected, controlling for dependency rates for old and young age structure and technological progress.

JEL Class cation: C33; H51; I10;
Keywords: Health Expenditure; Drivers of Health Expenditure; Panel Unit Root Tests;
Panel Cointegration; Cross Section Dependence model.

The speaker will be at ISEG during the afternoon after the talk, Professors and researchers interested in meeting the speaker should check the available meeting slots with Margarida Abreu .

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