Diagnosing the Causes of Rising Health-Care Expenditure in Canada: Does Baumol's Cost Disease Loom Large?

@article{Rossen2016DiagnosingTC,
  title={Diagnosing the Causes of Rising Health-Care Expenditure in Canada: Does Baumol's Cost Disease Loom Large?},
  author={B. Rossen and Akhter Faroque},
  journal={American Journal of Health Economics},
  year={2016},
  volume={2},
  pages={184-212}
}
  • B. Rossen, Akhter Faroque
  • Published 20 April 2016
  • Medicine, Economics, Political Science
  • American Journal of Health Economics
William Baumol (1967) identified an excess of wage over labor productivity growth in health care (the cost disease or rent) to be the main reason for rapid long-term growth in health-care expenditure in rich countries. In contrast, mainstream studies running national time series have generally decomposed the growth of health-care spending into observables and nonobservables (a mixture of technological progress and the cost disease), thus ignoring the separate contribution of the cost disease… 
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