The Park Place Economist


[T]he purpose of my research is to analyze the efficiency of the US health care system through a panel data analysis of the 19 OECD countries listed above (including the US) spanning the years 1990 to 2006 using an Ordinary Least Squares (OLS) regression of a Cobb-Douglas production function. I intend to improve upon previous estimates by utilizing the most recent data available, including better and more specific proxies for certain variables, and only including countries whose performance is truly comparable to that of the US by removing the low performing outliers that fall into a separate efficiency and income bracket of their own.

The format of my paper is as follows: Section II provides a review of previous literature on the topic of health care system efficiency, Section III summarizes the theoretical model I employ in my research, Section IV outlines my empirical model and data, Section V reports my results, Section VI offers a summation of my findings and Section VII suggests potential venues for further research.