Version 1
: Received: 16 June 2024 / Approved: 17 June 2024 / Online: 17 June 2024 (08:02:06 CEST)
How to cite:
Subedi, K. R. Macroeconomic Factors Affecting Out-of-Pocket Payments for Health: Evidence from Panel Data Analysis of SAARC Countries. Preprints2024, 2024061068. https://doi.org/10.20944/preprints202406.1068.v1
Subedi, K. R. Macroeconomic Factors Affecting Out-of-Pocket Payments for Health: Evidence from Panel Data Analysis of SAARC Countries. Preprints 2024, 2024061068. https://doi.org/10.20944/preprints202406.1068.v1
Subedi, K. R. Macroeconomic Factors Affecting Out-of-Pocket Payments for Health: Evidence from Panel Data Analysis of SAARC Countries. Preprints2024, 2024061068. https://doi.org/10.20944/preprints202406.1068.v1
APA Style
Subedi, K. R. (2024). Macroeconomic Factors Affecting Out-of-Pocket Payments for Health: Evidence from Panel Data Analysis of SAARC Countries. Preprints. https://doi.org/10.20944/preprints202406.1068.v1
Chicago/Turabian Style
Subedi, K. R. 2024 "Macroeconomic Factors Affecting Out-of-Pocket Payments for Health: Evidence from Panel Data Analysis of SAARC Countries" Preprints. https://doi.org/10.20944/preprints202406.1068.v1
Abstract
This paper explores factors affecting Out-of-Pocket payments for healthcare expenditures in SAARC countries. The specific objectives of the paper were to compare healthcare expenditure patterns amongst the SAARC countries and explore the macroeconomic, demographic and social factors influencing OOP payments for healthcare these countries. The model selection tests suggest that the fixed effect model is the most appropriate for the data, though the random effect model also provides valuable insights. Fixed effect model result showed that a 1 per cent change in GDP per capita, consumer price index, population aged 65 years and above causes change in out-of-pocket payments for healthcare by 1.08 per cent (p< 0.01), 0.09 per cent (p< 0.05), 1.20 per cent (p
Keywords
macroeconomic factors; health expenditure; out-of-pocket payments; panel data analysis
Subject
Business, Economics and Management, Econometrics and Statistics
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
