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Article: An initial investigation and analysis of healthcare expenditures in Hong Kong

TitleAn initial investigation and analysis of healthcare expenditures in Hong Kong
Authors
KeywordsDeterminants of healthcare expenditure
healthcare system in Hong Kong
R&D
supply of health
demand of health
Issue Date2018
PublisherTaylor & Francis.
Citation
International Journal of Healthcare Management, 2018, v. 11 n. 4, p. 363-370 How to Cite?
AbstractHong Kong is a special administrative region of the People’s Republic of China, governing with a high degree of autonomy since its handover from British rule in 1997. Like its legal, economic, and political systems, it has a unique system of healthcare. But the determinants of healthcare expenditure in Hong Kong, for all their complexities, have not been studied in the literature. This paper will make an attempt at quantifying the effects of these determinants. The latest data is used from the World Development Indicators and local government bureaus, departments, and offices. Ordinary least squares regressions are run with a model, constructed from widely-used models, based on the gross domestic product, the unemployment rate, supply and demand factors of healthcare, and research and development (R&D). Significant coefficients are found for all covariates, depending on the specification. Infant mortality rate and R&D, moreover, have negative relationships with healthcare expenditure. The methodology replaces time-fixed effects as a proxy for medical technology with R&D expenditure in a non-panel dataset setting. Unemployment rate is rarely considered as a determinant, but is used in this model. Hong Kong’s healthcare income elasticity is 0.824, indicating that healthcare in Hong Kong is not a luxury good.
Persistent Identifierhttp://hdl.handle.net/10722/249927
ISSN
2023 Impact Factor: 1.4
2023 SCImago Journal Rankings: 0.448
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorLai, G-
dc.date.accessioned2017-12-20T08:15:38Z-
dc.date.available2017-12-20T08:15:38Z-
dc.date.issued2018-
dc.identifier.citationInternational Journal of Healthcare Management, 2018, v. 11 n. 4, p. 363-370-
dc.identifier.issn2047-9700-
dc.identifier.urihttp://hdl.handle.net/10722/249927-
dc.description.abstractHong Kong is a special administrative region of the People’s Republic of China, governing with a high degree of autonomy since its handover from British rule in 1997. Like its legal, economic, and political systems, it has a unique system of healthcare. But the determinants of healthcare expenditure in Hong Kong, for all their complexities, have not been studied in the literature. This paper will make an attempt at quantifying the effects of these determinants. The latest data is used from the World Development Indicators and local government bureaus, departments, and offices. Ordinary least squares regressions are run with a model, constructed from widely-used models, based on the gross domestic product, the unemployment rate, supply and demand factors of healthcare, and research and development (R&D). Significant coefficients are found for all covariates, depending on the specification. Infant mortality rate and R&D, moreover, have negative relationships with healthcare expenditure. The methodology replaces time-fixed effects as a proxy for medical technology with R&D expenditure in a non-panel dataset setting. Unemployment rate is rarely considered as a determinant, but is used in this model. Hong Kong’s healthcare income elasticity is 0.824, indicating that healthcare in Hong Kong is not a luxury good.-
dc.languageeng-
dc.publisherTaylor & Francis.-
dc.relation.ispartofInternational Journal of Healthcare Management-
dc.subjectDeterminants of healthcare expenditure-
dc.subjecthealthcare system in Hong Kong-
dc.subjectR&D-
dc.subjectsupply of health-
dc.subjectdemand of health-
dc.titleAn initial investigation and analysis of healthcare expenditures in Hong Kong-
dc.typeArticle-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1080/20479700.2017.1412559-
dc.identifier.scopuseid_2-s2.0-85057019242-
dc.identifier.volume11-
dc.identifier.issue4-
dc.identifier.spage363-
dc.identifier.epage370-
dc.identifier.isiWOS:000457540300013-
dc.publisher.placeUnited Kingdom-
dc.identifier.issnl2047-9700-

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