TY - JOUR
T1 - On the relationship between healthcare expenditure and longevity
T2 - evidence from the continuous wavelet analyses
AU - Chen, Wen Yi
AU - Wen, Miin Jye
AU - Lin, Yu Hui
AU - Liang, Yia Wun
N1 - Publisher Copyright:
© 2015, Springer Science+Business Media Dordrecht.
PY - 2016/5/1
Y1 - 2016/5/1
N2 - 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.
AB - 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.
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U2 - 10.1007/s11135-015-0189-x
DO - 10.1007/s11135-015-0189-x
M3 - Article
AN - SCOPUS:84925432575
SN - 0033-5177
VL - 50
SP - 1041
EP - 1057
JO - Quality and Quantity
JF - Quality and Quantity
IS - 3
ER -