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The Effect of Business Cycles on Health Expenditure: A Story of Income Inequality in China

Using the panel data of 31 regions in China from 2002 to 2018, this study aims to investigate the effect of business cycles on health expenditure from the role of income inequality. We find that health expenditure experiences a change from pro-cyclical to counter-cyclical with business cycles. Speci...

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Detalles Bibliográficos
Autores principales: Pu, Xiaohong, Zeng, Ming, Luo, Yaling
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Frontiers Media S.A. 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8012672/
https://www.ncbi.nlm.nih.gov/pubmed/33816428
http://dx.doi.org/10.3389/fpubh.2021.653480
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author Pu, Xiaohong
Zeng, Ming
Luo, Yaling
author_facet Pu, Xiaohong
Zeng, Ming
Luo, Yaling
author_sort Pu, Xiaohong
collection PubMed
description Using the panel data of 31 regions in China from 2002 to 2018, this study aims to investigate the effect of business cycles on health expenditure from the role of income inequality. We find that health expenditure experiences a change from pro-cyclical to counter-cyclical with business cycles. Specifically, business cycles have a different influence on health expenditure before and after the financial crisis in 2008. Our findings also show that income inequality can moderate the impact of business cycles on health expenditure in China. More importantly, the role of income inequality in the above issue varies from different regions. We conclude that the government should try to take active steps to control health expenditure by decreasing income inequality.
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spelling pubmed-80126722021-04-02 The Effect of Business Cycles on Health Expenditure: A Story of Income Inequality in China Pu, Xiaohong Zeng, Ming Luo, Yaling Front Public Health Public Health Using the panel data of 31 regions in China from 2002 to 2018, this study aims to investigate the effect of business cycles on health expenditure from the role of income inequality. We find that health expenditure experiences a change from pro-cyclical to counter-cyclical with business cycles. Specifically, business cycles have a different influence on health expenditure before and after the financial crisis in 2008. Our findings also show that income inequality can moderate the impact of business cycles on health expenditure in China. More importantly, the role of income inequality in the above issue varies from different regions. We conclude that the government should try to take active steps to control health expenditure by decreasing income inequality. Frontiers Media S.A. 2021-03-18 /pmc/articles/PMC8012672/ /pubmed/33816428 http://dx.doi.org/10.3389/fpubh.2021.653480 Text en Copyright © 2021 Pu, Zeng and Luo. http://creativecommons.org/licenses/by/4.0/ This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
spellingShingle Public Health
Pu, Xiaohong
Zeng, Ming
Luo, Yaling
The Effect of Business Cycles on Health Expenditure: A Story of Income Inequality in China
title The Effect of Business Cycles on Health Expenditure: A Story of Income Inequality in China
title_full The Effect of Business Cycles on Health Expenditure: A Story of Income Inequality in China
title_fullStr The Effect of Business Cycles on Health Expenditure: A Story of Income Inequality in China
title_full_unstemmed The Effect of Business Cycles on Health Expenditure: A Story of Income Inequality in China
title_short The Effect of Business Cycles on Health Expenditure: A Story of Income Inequality in China
title_sort effect of business cycles on health expenditure: a story of income inequality in china
topic Public Health
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8012672/
https://www.ncbi.nlm.nih.gov/pubmed/33816428
http://dx.doi.org/10.3389/fpubh.2021.653480
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