Ageing population and health care expenditure: Evidence using time series analysis
This study is conducted to examine the relationship between population agieng and its effects on total health expenditure since there has been less attention given in analysing this issue particularly in developing countries. Thus, the study covers a period from 1995 to 2014 and was analysed i...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Kebangsaan Malaysia
2018
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| Online Access: | http://journalarticle.ukm.my/13253/1/26715-89098-1-PB.pdf http://journalarticle.ukm.my/13253/ http://ejournals.ukm.my/gmjss/issue/view/1144 |
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| Institution: | Universiti Kebangsaan Malaysia |
| Language: | English |
| Summary: | This study is conducted to examine the relationship between population agieng and its effects
on total health expenditure since there has been less attention given in analysing this issue
particularly in developing countries. Thus, the study covers a period from 1995 to 2014 and
was analysed in 3 countries in Southeast Asia; Malaysia, Indonesia, and Thailand. This study
applies Autoregressive Distributed Lag (ARDL) method with Bound test approach to
examine the existance of cointegration in the model. Apart from that Vector Error Correction
Model (VECM) was also estimated to investigate the short run nexus. For validation and
appropriate model specification purpose, different econometric diagnostic tests were applied.
The motivation of this study is to shed some light on the growing concern of raising ageing
population across the world and the burden carried with it, namely health expenditure. The
result of this study supports previous studies where increasing numbers of ageing population
has significantly affect health expenditure in Malaysia and Indonesia while in the case of
Thailand its remains insignificant. The ageing does not affect health expenditure in Thailand
probably due the fact that major healthcare provider in Thailand is private sector which
implies that health expenditure are mostly determined by the affordability of population to
pay for health services. Thus, in order to ensure that raising of ageing population would not
increase the burden via health expenditure, the government should embark on the education
campaign to encourage a healthy life style among adulthood since they were young. |
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