Per capita real income on the demand-side and technological change, proxied by total R&D
and health R&D spending, on the supply-side are hypothesized as major drivers of per …

Abstract In the United States, health care technology has contributed to rising survival rates,
yet health care spending relative to GDP has also grown more rapidly than in any other …

Abstract Using 1960–2012 annual time-series data for modelling, we apply the
Autoregressive Distributed Lag Cointegration (ARDL) approach, to identify some major …

A broad consensus holds that increased medical capability—technology—is the primary
driver of health spending growth. However, technology does not expand independently of …

This paper updates one we published in 2003, describing the implications of continued
health care spending growth for the consumption of nonhealth goods and services. Our …

This chapter provides a conceptual and empirical examination of health care spending
growth (as opposed to the level of health care spending). Given that an equilibrium …

This paper investigates the long‐run economic relationship between health care
expenditure and income in the US at a State level. Using a panel of 49 US States over the …

We provide a theoretical and empirical analysis of the link between financial and real health
care markets. This link is important as financial returns drive investment in medical research …

This study examines the long-run relationship among the per capita private, public, and total
health care expenditure and per capita gross domestic product and population growth of …

In this paper, we examine the effects of likely demographic changes on medical spending for
the elderly. Standard forecasts highlight the potential for greater life expectancy to increase …