Does Economic Policy Uncertainty Matter for Healthcare Expenditure in China? A Spatial Econometric Analysis

A growing body of research has documented the determinants of healthcare expenditure, but no known empirical research has focused on investigating the spatial effects between economic policy uncertainty (EPU) and healthcare expenditure. This study aims to explore the spatial effects of EPU on health...

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Published inFrontiers in public health Vol. 9; p. 673778
Main Authors Bai, Pu, Tang, Yixuan, Zhang, Weike, Zeng, Ming
Format Journal Article
LanguageEnglish
Published Switzerland Frontiers Media S.A 04.05.2021
Subjects
economic policy uncertainty
Health administration
healthcare expenditures
Public Health
regional heterogeneity
spatial Durbin model
spatial spillover effects
spatial Durbin model
economic policy uncertainty
healthcare expenditures
regional heterogeneity
spatial spillover effects
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Summary:A growing body of research has documented the determinants of healthcare expenditure, but no known empirical research has focused on investigating the spatial effects between economic policy uncertainty (EPU) and healthcare expenditure. This study aims to explore the spatial effects of EPU on healthcare expenditure using the panel data of 29 regions in China from 2007 to 2017. Our findings show that healthcare expenditure in China has the characteristics of spatial clustering and spatial spillover effects. Our study also shows that EPU has positive spatial spillover effects on healthcare expenditure in China; that is, EPU affects not only local healthcare expenditure but also that in other geographically close or economically connected regions. Our study further indicates that the spatial spillover effects of EPU on healthcare expenditure only exist in the eastern area. The findings of this research provide some key implications for policymakers in emerging markets.
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This article was submitted to Health Economics, a section of the journal Frontiers in Public Health
Edited by: Chi Wei Su, Qingdao University, China
Reviewed by: Wei Zhou, Yunnan University of Finance and Economics, China; Xunjie Gou, University of Granada, Spain
ISSN:2296-2565
2296-2565
DOI:10.3389/fpubh.2021.673778