Measuring the relationship of healthcare expenditure and aging population: Empirical analysis using auto regressive distributed lag approach, ardl

• Main Authors: Baharin, Roziana, Saad, Suhaila
• Format: Conference or Workshop Item
• Language: English
• Published: 2017
• Subjects: QA75 Electronic computers. Computer science
• Online Access: http://repo.uum.edu.my/24648/1/SICONSEM%202017%20264%20266.pdf; http://repo.uum.edu.my/24648/

Background - This research is conducted to examine the relationship between population aging and its effects on health expenditure. The study covers a period of 20 years from 1995 to 2014 and analyzed using the Autoregressive Distributed Lag (ARDL) approach. The motivation of this study is to look at the implications of increasing the ageing population to health expenditure in the context of Malaysia. In addition to the aging population, several other control variables are also used, namely per capita income, infant mortality rate and urban population. According to Department of Statistics (DOS), Malaysia is expected to become old countries in 2035. Therefore, it is estimated that health spending will continue to increase to cover the increasing of this population group.The result of this study indicates the same outcomes of previous studies which is increasing numbers of ageing population will significantly effect the health expenditure in Malaysia, Indonesia and Thailand in both long and short run.