Analysis of panel data on medical expenditure of Philippine households
Medical expenditure is observed to be constantly increasing in the Philippines. In this study, Family Income and Expenditure Survey conducted in the 16 regions of the Philippines from 1991-2012 was used to determine and assess significant factors affecting medical expenditure. Using the test for mul...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Animo Repository
2016
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| Subjects: | |
| Online Access: | https://animorepository.dlsu.edu.ph/etd_bachelors/14909 |
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| Institution: | De La Salle University |
| Language: | English |
| Summary: | Medical expenditure is observed to be constantly increasing in the Philippines. In this study, Family Income and Expenditure Survey conducted in the 16 regions of the Philippines from 1991-2012 was used to determine and assess significant factors affecting medical expenditure. Using the test for multicollinearity and fixed effects model of panel data analysis, from 24 independent variables, only five variables were found significant, namely, aggregate non-alcoholic beverage expenditure, wages and salaries from agricultural and non-agricultural activities, extended family type, and household head is single. All have positive relationship with aggregate medical care expenditure, except for the aggregate wages and salaries from agricultural activities. In addition, the full and final models have cross-section and time-series effects. With NCR region as reference, Regions V and VI have the highest aggregate medical expenditure, while Region XIII and ARMM have the lowest. Moreover, years 2006 and 1991 are notable with highest and lowest aggregate medical expenditure, respectively, in accordance to 2012. The study is beneficial to the Philippine households since income must be properly allocated to the family expenditure, especially in medical care needs. |
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