Health care policy uncertainty, real health expenditures and health care inflation in the USA

被引：11

作者：

Cheng, Chak Hung Jack ^{[1
]}

Witvorapong, Nopphol ^{[2
]}

机构：

[1] Univ South Carolina Upstate, George Dean Johnson Jr Coll Business & Econ, 160 East St John St, Spartanburg, SC 29306 USA

[2] Chulalongkorn Univ, Fac Econ, Phayathai Rd, Bangkok 10330, Thailand

来源：

EMPIRICAL ECONOMICS | 2021年 / 60卷 / 04期

关键词：

Health care policy uncertainty; Health expenditure; Health care inflation; Bayesian VAR; INCOME; UNEMPLOYMENT; PROJECTIONS; TECHNOLOGY; GOVERNMENT; SHOCKS; GDP;

D O I：

10.1007/s00181-019-01818-x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Based on a structural VAR model estimated with Bayesian methods over the period of 1985Q1-2017Q1, we investigate the effects of health care policy uncertainty (HCPU) on the US health sector. We find that HCPU exerts a negative and significant impact on the growth rate of real health expenditures and health care inflation. It has an especially persistent effect on health care inflation and explains a generous portion of the post-2007 decline in the growth rate of health care services prices in the USA. HCPU also dampens the growth rate of GDP and general inflation, eliciting cautiousness from economic agents and acting as a negative aggregate demand shock.

引用

页码：2083 / 2103

页数：21

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