{"id":{"repo_id":"uiuc","oai_identifier":"oai:www.ideals.illinois.edu:2142/85613"},"canonical_url":"https://search.dev.ndltd.org/etd/uiuc/oai:www.ideals.illinois.edu:2142/85613","repository":{"repo_id":"uiuc","name":"University of Illinois - Urbana-Champaign","base_url":"https://www.ideals.illinois.edu/oai-pmh"},"display":{"title":"An Analysis of Health Sector Trends: Incorporating Theories of Unbalanced Growth","abstract":"International studies of health care expenditures find income elasticities of aggregate demand for health care in the range of 1.0 to 1.5. Applying these same models to a U.S. time series using ordinary least squares to estimate a cointegrating relationship yields estimates in this range. Application of more recent time-series methods yields income elasticities of less than one, providing evidence that health care is not a luxury good in aggregate. While we lack the data and the econometric techniques to provide precise estimates, it appears that at most 45 percent of the growth of health care expenditures is preventable without welfare loss through changes in the insurance system and productivity of health services. This portion is likely to be significantly lower in practical terms.","abstract_html":"International studies of health care expenditures find income elasticities of aggregate demand for health care in the range of 1.0 to 1.5. Applying these same models to a U.S. time series using ordinary least squares to estimate a cointegrating relationship yields estimates in this range. Application of more recent time-series methods yields income elasticities of less than one, providing evidence that health care is not a luxury good in aggregate. While we lack the data and the econometric techniques to provide precise estimates, it appears that at most 45 percent of the growth of health care expenditures is preventable without welfare loss through changes in the insurance system and productivity of health services. This portion is likely to be significantly lower in practical terms.","abstract_has_math":false,"creators":["Maciosek, Michael V."],"institution":"University of Illinois at Urbana-Champaign","degree_name":"Ph.D.","degree_level":"Dissertation","degree_discipline":"Economics","degree_department":null,"school":null,"contributors":["Richard Arnould"],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2015,"date_issued":"2015-09-25T22:47:36Z","date_published":"2015-09-25T22:47:36Z","updated_at":"2026-07-22T22:26:25Z","subjects":["Health Sciences, Health Care Management"],"languages":["eng"],"rights":[],"rights_urls":[],"identifier_entries":[{"key":"dc:identifier","label":"Identifier","values":["(MiAaPQ)AAI9737185"],"render_values":[{"text":"(MiAaPQ)AAI9737185","href":null,"code":true}]}]},"links":{"outbound_url":"http://hdl.handle.net/2142/85613","outbound_label":"Handle","outbound_source":"dc:identifier"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor","label":"Contributor","values":["Richard Arnould"]},{"key":"dc:creator","label":"Author","values":["Maciosek, Michael V."]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date","label":"Dc Date","values":["2015-09-25T22:47:36Z","10000-01-01","1997"]},{"key":"dc:type","label":"Dc Type","values":["text"]},{"key":"thesis:degree_discipline","label":"Discipline","values":["Economics"]},{"key":"thesis:degree_level","label":"Degree Level","values":["Dissertation"]},{"key":"thesis:degree_name","label":"Degree Name","values":["Ph.D."]},{"key":"thesis:institution_name","label":"Thesis Institution Name","values":["University of Illinois at Urbana-Champaign"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Health Sciences, Health Care Management"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:language","label":"Dc Language","values":["eng"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier","label":"Identifier","values":["http://hdl.handle.net/2142/85613","(MiAaPQ)AAI9737185"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description","label":"Description","values":["International studies of health care expenditures find income elasticities of aggregate demand for health care in the range of 1.0 to 1.5. Applying these same models to a U.S. time series using ordinary least squares to estimate a cointegrating relationship yields estimates in this range. Application of more recent time-series methods yields income elasticities of less than one, providing evidence that health care is not a luxury good in aggregate. While we lack the data and the econometric techniques to provide precise estimates, it appears that at most 45 percent of the growth of health care expenditures is preventable without welfare loss through changes in the insurance system and productivity of health services. This portion is likely to be significantly lower in practical terms.","Made available in DSpace on 2015-09-25T22:47:36Z (GMT). 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Applying these same models to a U.S. time series using ordinary least squares to estimate a cointegrating relationship yields estimates in this range. Application of more recent time-series methods yields income elasticities of less than one, providing evidence that health care is not a luxury good in aggregate. While we lack the data and the econometric techniques to provide precise estimates, it appears that at most 45 percent of the growth of health care expenditures is preventable without welfare loss through changes in the insurance system and productivity of health services. This portion is likely to be significantly lower in practical terms.","Made available in DSpace on 2015-09-25T22:47:36Z (GMT). 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