On the relationship between healthcare expenditure and longevity: evidence from the continuous wavelet analyses

被引:6
作者
Chen, Wen-Yi [1 ]
Wen, Miin-Jye [2 ]
Lin, Yu-Hui [3 ]
Liang, Yia-Wun [1 ]
机构
[1] Natl Taichung Univ Sci & Technol, Dept Senior Serv & Management, 193,Sec 1,Sanmin Rd, Taichung 40343, Taiwan
[2] Natl Cheng Kung Univ, Dept Stat, 1 Univ Rd, Tainan 70101, Taiwan
[3] Nan Kai Univ Technol, Dept Business Adm, 568 Zhongzheng Rd, Nantou 54243, Taiwan
关键词
Longevity; Healthcare expenditure; Continuous wavelet analysis; Time domain; Frequency domain; ECONOMIC RELATIONSHIPS; TIME; POPULATION; DECOMPOSITION; DETERMINANTS; CAUSALITY; LIFE;
D O I
10.1007/s11135-015-0189-x
中图分类号
C [社会科学总论];
学科分类号
03 ; 0303 ;
摘要
This study applies the continuous wavelet analyses to identify four possible perspectives on the causality between healthcare expenditure and longevity: health as a determinant of healthcare expenditure (longevity leads), healthcare expenditure as a determinant of health (healthcare expenditure leads), feedback (bidirectional relation) and neutrality (no correlation). Our results show that none of these four perspectives regarding the causality of healthcare expenditure and longevity prevail over the period of 1963-2010 in the US. Healthcare expenditure is likely to serve as a predictor to predict the volatility of longevity in the short, medium, and long run, while longevity is likely to serve as a predictor to predict the volatility of healthcare expenditure only in the medium run.
引用
收藏
页码:1041 / 1057
页数:17
相关论文
共 52 条
[1]   THE CONTINUOUS WAVELET TRANSFORM: MOVING BEYOND UNI- AND BIVARIATE ANALYSIS [J].
Aguiar-Conraria, Luis ;
Soares, Maria Joana .
JOURNAL OF ECONOMIC SURVEYS, 2014, 28 (02) :344-375
[2]  
Akkoyunlu S, 2010, ECON BULL, V30, P2505
[3]  
[Anonymous], 2012, World Development Indicators
[4]   PRODUCTION OF HEALTH, AN EXPLORATORY STUDY [J].
AUSTER, R ;
LEVESON, I ;
SARACHEK, D .
JOURNAL OF HUMAN RESOURCES, 1969, 4 (04) :411-436
[5]   The export-output growth nexus in Japan: a bootstrap rolling window approach [J].
Balcilar, Mehmet ;
Ozdemir, Zeynel Abidin .
EMPIRICAL ECONOMICS, 2013, 44 (02) :639-660
[6]   Medical technology and the production of health care [J].
Baltagi, Badi H. ;
Moscone, Francesco ;
Tosetti, Elisa .
EMPIRICAL ECONOMICS, 2012, 42 (02) :395-411
[7]   Testing for short- and long-run causality: A frequency-domain approach [J].
Breitung, Jorg ;
Candelon, Bertrand .
JOURNAL OF ECONOMETRICS, 2006, 132 (02) :363-378
[8]   Health care expenditures and longevity: is there a Eubie Blake effect? [J].
Breyer, Friedrich ;
Lorenz, Normann ;
Niebel, Thomas .
EUROPEAN JOURNAL OF HEALTH ECONOMICS, 2015, 16 (01) :95-112
[9]   Ageing, health, and health care [J].
Breyer, Friedrich ;
Costa-Font, Joan ;
Felder, Stefan .
OXFORD REVIEW OF ECONOMIC POLICY, 2010, 26 (04) :674-690
[10]   Wavelet analysis of ecological time series [J].
Cazelles, Bernard ;
Chavez, Mario ;
Berteaux, Dominique ;
Menard, Frederic ;
Vik, Jon Olav ;
Jenouvrier, Stephanie ;
Stenseth, Nils C. .
OECOLOGIA, 2008, 156 (02) :287-304