Demand for medical care, consumption and cointegration

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This paper considers a generalized version of Grossman's health capital model and derives a cointegration restriction. The restriction is tested using aggregate US data and the results are consistent with the prediction of the model. (C) 1999 Elsevier Science S.A. All rights reserved.
Publisher
ELSEVIER SCIENCE SA
Issue Date
1999-03
Language
English
Article Type
Article
Keywords

HEALTH-CARE; EXPENDITURE; DETERMINANTS; COUNTRIES; LUXURY; TESTS

Citation

ECONOMICS LETTERS, v.62, no.3, pp.325 - 330

ISSN
0165-1765
URI
http://hdl.handle.net/10203/3653
Appears in Collection
MT-Journal Papers(저널논문)
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