What drives health care expenditure?—Baumol's model of ‘unbalanced growth’ revisited

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What drives health care expenditure?--Baumol's model of 'unbalanced growth' revisited.

The share of health care expenditure in GDP rises rapidly in virtually all OECD countries, causing increasing concern among politicians and the general public. Yet, economists have to date failed to reach an agreement on what the main determinants of this development are. This paper revisits Baumol's [Baumol, W.J., 1967. Macroeconomics of unbalanced growth: the anatomy of urban crisis. American...

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ژورنال

عنوان ژورنال: Journal of Health Economics

سال: 2008

ISSN: 0167-6296

DOI: 10.1016/j.jhealeco.2007.05.006