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dc.contributor.author
Hartwig, Jochen
dc.date.accessioned
2018-03-07T10:45:44Z
dc.date.available
2017-06-12T17:19:06Z
dc.date.available
2018-03-07T10:45:44Z
dc.date.issued
2006-03
dc.identifier.uri
http://hdl.handle.net/20.500.11850/124173
dc.identifier.doi
10.3929/ethz-a-005187505
dc.description.abstract
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 (1967) model of ‘unbalanced growth’, showing that the latter offers a ready explanation for the observed inexorable rise in health care expenditure. The main implication of Baumol’s model in this context is that health care expenditure is driven by wage increases in excess of productivity growth. This hypothesis is tested empirically using data from a panel of 19 OECD countries. Our tests yield robust evidence in favor of Baumol’s theory.
en_US
dc.language.iso
en
en_US
dc.publisher
KOF Swiss Economic Institute, ETH Zurich
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
GESUNDHEITSÖKONOMIE + GESUNDHEITSAUSGABEN
en_US
dc.subject
OECD panel JEL classifications
en_US
dc.subject
HEALTH ECONOMY + HEALTH COSTS
en_US
dc.subject
‘Unbalanced growth’
en_US
dc.subject
Rising health care expenditure
en_US
dc.title
What Drives Health Care Expenditure? Baumol's Model of «Unbalanced Growth» Revisited
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
ethz.title.subtitle
Baumol's model of 'unbalanced growth' revisited
en_US
ethz.journal.title
KOF Working Papers
ethz.journal.volume
133
en_US
ethz.size
29 p.
en_US
ethz.code.ddc
3 - Social sciences::330 - Economics
en_US
ethz.notes
.
en_US
ethz.identifier.nebis
005187505
ethz.publication.place
Zürich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
ethz.date.deposited
2017-06-12T17:19:43Z
ethz.source
ECOL
ethz.source
ECIT
ethz.identifier.importid
imp593654f887d9c33934
ethz.identifier.importid
imp59366a9b1d29d11847
ethz.ecolpid
eth:28690
ethz.ecitpid
pub:186617
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2017-07-19T11:59:01Z
ethz.rosetta.lastUpdated
2018-11-06T15:01:30Z
ethz.rosetta.exportRequired
true
ethz.rosetta.versionExported
true
ethz.COinS
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