For more advanced students, Table 21.2 provides data for at least rudimentary estimates of income elasticity of

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For more advanced students, Table 21.2 provides data for at least rudimentary estimates of income elasticity of health care expenditures. Estimate a regression equation of the following form:

Log (Expenditures per capita) = a + b log (GDP per capita)

What is the implied income elasticity of expenditures across countries?

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The Economics Of Health And Health Care

ISBN: 9781138208049

8th Edition

Authors: Sherman Folland, Allen C. Goodman, Miron Stano

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