Assessing the impact of economic reform in medical services in the Netherlands

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

Price and income elasticities for medical services are estimated with annual data of the Netherlands. A zero labour productivity growth in medical services is assumed which allows a simple specification and avoids use of a questionable price deflator. Long run income and price elasticities are resp. around 1.25 and 0.15. Other variables (collective finance of medical services, collective burden of the economy and the population by age) have a negligible impact. With the currently suggested reform in medical services complete realization of the planned 1 % annual rate of growth is unlikely. Substantial cost reduction and improved allocation, however, seem feasible.

Original languageEnglish
Pages (from-to)227-236
Number of pages10
JournalApplied Economics
Volume24
Issue number2
DOIs
Publication statusPublished - 1992

Fingerprint

Economic reform
The Netherlands
Medical services
Price and income elasticities
Labour productivity
Burden
Productivity growth
Deflators
Finance

Cite this

@article{3fcd969dae0144e394e6fa1937849132,
title = "Assessing the impact of economic reform in medical services in the Netherlands",
abstract = "Price and income elasticities for medical services are estimated with annual data of the Netherlands. A zero labour productivity growth in medical services is assumed which allows a simple specification and avoids use of a questionable price deflator. Long run income and price elasticities are resp. around 1.25 and 0.15. Other variables (collective finance of medical services, collective burden of the economy and the population by age) have a negligible impact. With the currently suggested reform in medical services complete realization of the planned 1 {\%} annual rate of growth is unlikely. Substantial cost reduction and improved allocation, however, seem feasible.",
author = "W. Zant",
year = "1992",
doi = "10.1080/00036849200000121",
language = "English",
volume = "24",
pages = "227--236",
journal = "Applied Economics",
issn = "0003-6846",
publisher = "Routledge",
number = "2",

}

Assessing the impact of economic reform in medical services in the Netherlands. / Zant, W.

In: Applied Economics, Vol. 24, No. 2, 1992, p. 227-236.

Research output: Contribution to JournalArticleAcademicpeer-review

TY - JOUR

T1 - Assessing the impact of economic reform in medical services in the Netherlands

AU - Zant, W.

PY - 1992

Y1 - 1992

N2 - Price and income elasticities for medical services are estimated with annual data of the Netherlands. A zero labour productivity growth in medical services is assumed which allows a simple specification and avoids use of a questionable price deflator. Long run income and price elasticities are resp. around 1.25 and 0.15. Other variables (collective finance of medical services, collective burden of the economy and the population by age) have a negligible impact. With the currently suggested reform in medical services complete realization of the planned 1 % annual rate of growth is unlikely. Substantial cost reduction and improved allocation, however, seem feasible.

AB - Price and income elasticities for medical services are estimated with annual data of the Netherlands. A zero labour productivity growth in medical services is assumed which allows a simple specification and avoids use of a questionable price deflator. Long run income and price elasticities are resp. around 1.25 and 0.15. Other variables (collective finance of medical services, collective burden of the economy and the population by age) have a negligible impact. With the currently suggested reform in medical services complete realization of the planned 1 % annual rate of growth is unlikely. Substantial cost reduction and improved allocation, however, seem feasible.

UR - http://www.scopus.com/inward/record.url?scp=0026481084&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=0026481084&partnerID=8YFLogxK

U2 - 10.1080/00036849200000121

DO - 10.1080/00036849200000121

M3 - Article

VL - 24

SP - 227

EP - 236

JO - Applied Economics

JF - Applied Economics

SN - 0003-6846

IS - 2

ER -