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  • 标题:GSP and Health Expenditure in Italian Regions
  • 本地全文:下载
  • 作者:Cosimo Magazzino
  • 期刊名称:International Journal of Business and Management
  • 印刷版ISSN:1833-3850
  • 电子版ISSN:1833-8119
  • 出版年度:2011
  • 卷号:6
  • 期号:12
  • 页码:28
  • DOI:10.5539/ijbm.v6n12p28
  • 出版社:Canadian Center of Science and Education
  • 摘要:

    This paper investigates the nexus between health care households’ expenditure and GSP for Italian regions
    during 1980-2009, using time series and panel econometric techniques. After a brief introduction and a
    survey of the economic literature on this issue, we discuss the data and briefly introduce t h e methodologies.
    Empirical results show the presence of a long-run relationship in fifteen regions. As regards the causality analysis,
    health-led growth hypothesis is supported in three regions, while the reverse causation appears in five cases. The
    neutrality hypothesis seems to be confirmed in ten regions. Finally, a bi-directional causality flow (feedback
    hypothesis) has been found for two regions. Panel analysis shows that, if our sample is divided into three more
    homogeneous macro-regions (North, Centre and South), a long-run relationship between health expenditure and
    aggregate income has been found in two areas. Furthermore, the income elasticity is below the unity, implying
    that health expenditure is not a luxury good.

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