Health Econometrics

Badi H. Baltagi|Francesco Moscone

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9781787145429

30 May 2018

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30 May 2018

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Recent years have witnessed a dramatic surge in applied econometric work in health economics, enhanced by the availability of large micro and macro data sets as well as the rapid development of new techniques and tools in econometrics. Health economics is an important and challenging area of research for applied econometricians, due to complexity embedded in the data, arising from issues such as nonlinearity of models, the presence of individual-level unobserved heterogeneity as well as time and cross sectional dependencies.

This book covers a wide range of existing and emerging topics in applied health economics. These include: behavioural economics, medical care risk, social insurance, discrete choice models, cost-effectiveness analysis, health and immigration, vignette approach, response of parental investments to child’s health at birth, determinants of innovation in the pharmaceutical industry, hospital competition, use of administrative data, spatial health econometrics, health expenditure, and networks.

Chapter 1. Experimental Methods and Behavioral Insights in Health Economics: Estimating Risk and Time Preferences in Health; Matteo M Galizzi, Glenn W Harrison, Marisa Miraldo Chapter 2. Subjective Expectations of Medical Expenditures and Insurance in Rural Ethiopia; Zelalem Yilmaa, Owen O'Donnell, Anagaw Mebratie, Getnet Alemud, Arjun S. Bedi Chapter 3. Social Insurance and Health; Nicolas R. Ziebarth Chapter 4. Discrete choice methods in health economics; Arne Risa Hole Chapter 5. Migration, Health and Well-Being: Models and Methods; Osea Giuntella, Catia Nicodemo Chapter 6. Econometric considerations when using the net benefit regression framework to conduct cost-effectiveness analysis; Jeffrey S Hoch, Pierre Chaussé Chapter 7. Anchoring vignettes and cross-country comparability: an empirical assessment of self-reported mobility; Andrew M. Jones, Nigel Rice, Silvana Robone Chapter 8. Response of parental investments to child’s health endowment at birth; Cheti Nicoletti, Kjell G. Salvanes, Emma Tominey Chapter 9. R&D Success in Pharmaceutical Markets: a duration model approach; Eliana Barrenho, Marisa Miraldo Chapter 10. Medical Malpractice: How Legal Liability Affects Medical Decisions; Paola Bertoli, Veronica Grembi Chapter 11. Hospital Economics: the Effect of Competition, Tariffs and Non-Profit Status on Quality; Luigi Siciliani Chapter 12. Administrative data and health outcome assessment: methodology and application; Gianmaria Martini, Giorgio Vittadini Chapter 13. Spatial Health Econometrics; Badi H. Baltagi, Francesco Moscone, Rita Santos Chapter 14. Cross-country Medical Expenditure Modeling Using OECD Panel Data and ARDL Approach: Investigating GDP, Technology and Ageing Effects; Albert A. Okunade, Xiaohui You, Kayhan Koleyni Chapter 15. Large Network Inference: New Insights in Health Economics; Francesco Moscone, Veronica Vinciotti, Elisa Tosetti

Health Econometrics is a timely and important contribution to the field. Solid scholarly research in health economics increasingly demands the application of creative study designs and novel econometric strategies. The editors have assembled here a first-class group of internationally renowned authors whose expertise is manifest in their contributions to this volume. The chapter themes span a wide range of topics in health econometrics that will be of interest to researchers, students, and policy makers.
- Prof. John Mullahy

Fifteen papers apply econometric methods to the area of health economics, assess behavioral insights and experimental methods for measuring risk and time preferences in health economics, and review graphical modeling techniques for estimating large covariance matrices. The contributors address econometric considerations when using the net benefit regression framework to conduct cost-effectiveness analysis, examine how legal liability affects medical decisions, and survey recent literature studying the effect of competition, tariffs, and non-profit state on quality.
- Annotation ©2018

Badi H. Baltagi is distinguished Professor of Economics, and Senior Research Associate at the Center for Policy Research, The Maxwell School, Syracuse University. He was George Summey, Jr. Professor of Liberal Arts, at Texas A&M University. Also, part-time chair at the University of Leicester, United Kingdom. Professor Baltagi is the author of several books including: Econometric Analysis of Panel Data, 5th edition (2013, Wiley); and Econometrics, 5th edition (2011, Springer). He is also author or co-author of over 180 publications in leading economics journals, such as Econometrica and Journal of Econometrics. Professor Baltagi is editor of Economics Letters, Empirical Economics, and associate editor of Journal of Econometrics and Econometric Reviews. He is also the replication editor of the Journal of Applied Econometrics. Professor Baltagi is a fellow of the Journal of Econometrics and a recipient of various international awards in econometrics.

Francesco Moscone is Professor at Brunel University London, and visiting Professor at the Catholic University of the Sacred Heart Rome. He has previously worked at the University of Leicester, and London School of Economics. He has held visiting scholar positions at University of California-Berkeley, University of Pompeu Fabra, and University of Bergamo. Professor Moscone has been awarded prestigious funding to study health economic issues related to big data and networks. He has served as associate editor for Economic Modelling and currently is associate editor for the journal Empirical Economics. Professor Moscone has published in prestigious journals such as the Lancet and Journal of Health Economics.