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An Application of Price and Quantity Indexes in the Analysis of Changes in Expenditures on Physician Services

Author

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  • Frank T. Denton
  • Christine H. Feaver
  • Byron G. Spencer

Abstract

Price and quantity indexes are applied in the analysis of expenditure on physician services in the province of Ontario, Canada, using newly available data files for 1992 and 2004. Price indexes for such services are found to have increased less rapidly than indexes of general inflation and quantity indexes are found to account for the largest share of physician expenditure increases. The quantity indexes imply substantial gains in services per capita, especially for older adults. They imply also an increase in labour productivity for physicians that is somewhat greater than the corresponding increase for the economy at large.

Suggested Citation

  • Frank T. Denton & Christine H. Feaver & Byron G. Spencer, 2008. "An Application of Price and Quantity Indexes in the Analysis of Changes in Expenditures on Physician Services," Social and Economic Dimensions of an Aging Population Research Papers 228, McMaster University.
    • Handle: RePEc:mcm:sedapp:228
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    References listed on IDEAS

    as
    1. Denton, Frank T. & Gafni, Amiram & Spencer, Byron G., 2002. "Exploring the effects of population change on the costs of physician services," Journal of Health Economics, Elsevier, vol. 21(5), pages 781-803, September.
    2. Frank T. Denton & Amiram Gafni & Byron G. Spencer, 2005. "Users and Suppliers of Physician Services: A Tale of Two Populations," Quantitative Studies in Economics and Population Research Reports 399, McMaster University.
    3. M Barer & G Stoddart, 1991. "Toward Integrated Medical Resource Policies for Canada. 1. Background, Process and Perceived Problems," Centre for Health Economics and Policy Analysis Working Paper Series 1991-07A, Centre for Health Economics and Policy Analysis (CHEPA), McMaster University, Hamilton, Canada.
    4. Boris Kralj, 2001. "Physician Distribution and Physician Shortage Intensity in Ontario," Canadian Public Policy, University of Toronto Press, vol. 27(2), pages 167-178, June.
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    More about this item

    Keywords

    physician services; price and quantity indexes;

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior

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