Co-Movement of Healthcare Financing in OECD Countries: Evidence from Discrete Wavelet Analyses

Wen-Yi Chen () and Yu-Hui Lin ()
Additional contact information
Wen-Yi Chen: Department of Senior Citizen Service Management, National Taichung University of Science and Technology, Taichung, Taiwan.
Yu-Hui Lin: , Department of Business Administration, Nan Kai University of Technology, Nan-Tou, Taiwan.

Journal for Economic Forecasting, 2016, issue 3, 40-56

Abstract: This study applied the recently developed discrete wavelet analyses to investigate the co-movement and spill-over relationship of healthcare financing across nine OECD countries during the period of 1960-2012 for the first time. Healthcare financing data used for this study were retrieved from the 2014 version of OECD Health Statistics database. Our results suggest that the public share of total healthcare financing in nine OECD countries has exhibited signs of co-movement over the period of 1960-2012 in the short, medium, and long-runs. The public-private mix of healthcare financing in National Health Service (NHS) systems led those in the Social Health Insurance (SHI) and Private Health Insurance (PHI) systems in the short and medium-runs, while the public-private mix of healthcare financing in the PHI health care system lagged behind that of the SHI and NHS systems over the period of 1960-2012. Policy diffusion for any change in the public-private mix of healthcare financing should run from public financing healthcare systems (such as the SHI and NHS systems) to the private financing healthcare system (PHI system).

Keywords: Co-movement; Healthcare Financing; Discrete Wavelet Analyses; Wavelet Multiple Correlation; Wavelet Multiple Cross correlation. (search for similar items in EconPapers)
JEL-codes: C3 I1 J6 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.ipe.ro/rjef/rjef3_16/rjef3_2016p40-56.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rjr:romjef:v::y:2016:i:3:p:40-56

Access Statistics for this article

Journal for Economic Forecasting is currently edited by Lucian Liviu Albu and Corina Saman

More articles in Journal for Economic Forecasting from Institute for Economic Forecasting Contact information at EDIRC.
Bibliographic data for series maintained by Corina Saman ( this e-mail address is bad, please contact ).