The income elasticity of health care spending in developing and developed countries

@article{Farag2012TheIE,
  title={The income elasticity of health care spending in developing and developed countries},
  author={Marwa Farag and Anand Nandakumar and Stanley S. Wallack and Dominic Hodgkin and Gary Gaumer and Can Erbil},
  journal={International Journal of Health Care Finance and Economics},
  year={2012},
  volume={12},
  pages={145-162}
}
To date, international analyses on the strength of the relationship between country-level per capita income and per capita health expenditures have predominantly used developed countries’ data. This study expands this work using a panel data set for 173 countries for the 1995–2006 period. We found that health care has an income elasticity that qualifies it as a necessity good, which is consistent with results of the most recent studies. Furthermore, we found that health care spending is least… CONTINUE READING
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